*So, it isn’t true. Media mogul Diddy is not managing Rick Ross and Nicki Minaj. Yes, we are all shocked at this news, but Diddy, with drink in hand, went on UStream to clear the air.

“For the record, as I said before, don’t believe the rumors,” said Diddy. “I cannot, you know, I have not made no announcement yet. Don’t believe no rumors about anything y’all hear. Me and Nick, we just cool. I like her style. Rick Ross, it’s my brother. There’s no management announcements or none of that. So, everybody just worry about what y’all worryin’ about… It’s alright for people to know each other and have an admiration towards each other and maybe pick each other’s brains for advice. I will be making some big announcements in a couple of weeks on some things, though.”

And for whatever reason, Ross confirmed Diddy was on the team, but it ain’t so. Duh. Now there are questions about Ross’ comments. To make matters even more confusing, rapper Fabolous is seen in the background of Diddy’s video, looking a bit taken aback by his comments. Strange, isn’t it? But speculations are speculations. As of now, Diddy is just a supporter and a friend. Watch: