Sport & Entertainment
USA | Mar 11, 2024

Chris Brown vs. City Bank: R&B star defaults on US$1.3-million loan used to buy Popeyes franchise

ABIGAIL BARRETT

ABIGAIL BARRETT / Our Today

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After receiving a loan from the City National Bank (CNB) to purchase two Popeyes franchises, Chris Brown has since defaulted on the 2018 loan.

Six years later, the Los Angeles court confirmed a sister-state judgment filed by City National Bank and ordered Brown to pay US$1,314,367.40.

The Forever singer is not singularly sued, as investors that include popular producer Terius Adamu ‘The Dream’ Ya Gesteelde-Diamant, are among those listed.

Now that the new order has been filed, Brown, 34, has 30 days to reply. If he doesn’t, City National Bank may cooperate with California to collect the debt and possibly confiscate the singer’s assets, including money and property.

As it pertains to why the singer has not not been able to make payment, there have been no statements by Brown or his reps. He has, however, announced a his upcoming 11:11 tour.

Photo sourced: Instagram.com/ @chrisbrown

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