Phaedra Parks

Phaedra shares her side of the donkey booty drama.

on Jan 15, 2013

Instead of her using an attorney, which is standard for most business transactions, she wanted to negotiate the deal herself and became offended when our attorney questioned her about her budget and alleged distribution deal that we never agreed to nor received any paperwork for. I am assuming that she thought since we had known her for one month we would trust her with $100K without doing our due diligence. This blatant lack of rudimentary business acumen made me very skeptical as her resume and actions were not consistent with what she was telling us. Everybody knows if you do million dollar deals you minimally have an attorney on retainer and no one pays anyone 50% or a 10% back end for a product that they have no intellectual property interest in or financial risk/investment in. We never asked Kenya to secure a distribution deal, she did that on her own accord, we asked her to produce (i.e. tape/record and edit) our workout DVD. However, she used my name to solicit offers.

Kenya's primary contention was we wanted her to work for free. Which is bologna! If payment of $100K is free, please let me use your magic calculator and meet your accountant. While she continuously said she was working for free, our research with over five different production companies revealed to us that with our $100K payment she would minimally net in profits no less than $47K for her services which is more than ample compensation for a day’s work and 2 half hour meetings.