There were a lot of rappers and athletes (and strippers for that matter) probably worried the club would be shut down, but don’t fear it looks like the new owners just looked at it as a wise investments per the Miami New Times.
“I put the deal together to keep King of Diamonds going,” Disco Rick says via text. “I never wanted to lose what I have built over five years.”
According to the Daily Business Review, the gentleman’s club at 17800 NE 5th Ave. was sold to New York-based KODRENYC LLC. The $6 million only represents the price paid for the property, 60,622-square-foot converted warehouse on a 4.75-acre triangle off of the I-95 Miami Gardens Drive exit. The company managing KOD was sold for an undisclosed sum to a different firm, Ak “n” Eli LLC, the DBR reported.
Ak “n” Eli and KODRENYC are managed by New York developer Elliott “Eli” Kunstlinger and financial services adviser Akiva “Ak” Feinsod, who are not in the strip club business. Apparently their link to KOD is current general manager Akinyele Adams, an ex-New York rapper and old friend of Disco Rick, who says he called his buddy about a year ago about putting together an investment group to buy the club.
Akinyele, whose biggest hit is a classic ode to fellatio called “Put It In Your Mouth,” is the new ower and he brought in Kunstlinger and Feinsod as silent partners, Disco Rick explains.