Steve Stoute was a guest on Shannon Sharpe's Club Shay Shay, and he had a lot to say about Jay-Z and Dame Dash's split.

Stoute and Jay-Z have been friends and business associates for years, so he saw their relationship's demise up close. [Jump to the 48:00 minute mark]

"He’s a gigantic, almost, almost not. He blew it. He had the most important artist of a generation," said Stoute. "Dame’s antics. Dame wouldn’t change. The way he spoke to people, the way he treated people ... Jay saw Dame’s ceiling."

"While he was building businesses, which partly he was, he would go off all around the world with cameras and girls and all kinds of crazy sh*t and then come back flipping on everybody ... Jay grew up. Jay wanted more," he added. "I think Jay seen Dame’s ceiling."

Dame responded on Instagram.

View this post on Instagram

A post shared by Dame Dash (@duskopoppington)

"This is the reason I had to smack the sh*t out of @stevestoute a couple years ago…because he’s always speaking on other men’s business good thing I’ve evolved," he wrote.

Dame, Jay, and Kareem "Biggs" Burke sold their label Roc-A-Fella Records in 2004. 

And just last month a judge ordered Dame to sell his Roc-A-Fella shares to settle a $823,000 debt to movie producer Josh Weber.