Wu-Tang clause might get US$2M LP back from Martin Shkreli

When it was revealed the winning bidder of Wu-Tang Clan’s one-of-a-kind album was Martin Shkreli, the pharmaceutical executive who bought the rights to cheap anti-parasitic drug Daraprim and increased the price more than 5000%, the world wept.

Shkreli purchased the album, Once Upon a Time in Shaolin, for a reported US$2 million, but now a stipulation in a contract posted online, which unfortunately reads as a joke by the person who posted it, could see members of Wu-Tang, or actor Bill Murray take it off his hands.

The alleged section from the legal paperwork Shkreli signed to obtain the album has leaked on Twitter by a person named Rob Wesley. It reads:

"The buying party also agrees that, at any time during the stipulated 88 year period, the seller may legally plan and attempt to execute one (1) heist or caper to steal back Once Upon A Time In Shaolin, which, if successful, would return all ownership rights to the seller. Said heist or caper can only be undertaken by currently active members of the Wu-Tang Clan and/or actor Bill Murray, with no legal repercussions."

Whether the contract stipulation is false or now, one good thing has come out of the album’s sale however. When the group’s producer/leader Robert Diggs, aka RZA, learned Bloomberg was to report on Shkreli’s purchase of the album, he stated some of the profits would go to charity.

“The sale of Once Upon a Time in Shaolin was agreed upon in May, well before Martin Skhreli’s [sic] business practices came to light,” read the statement to Bloomberg. “We decided to give a significant portion of the proceeds to charity.”