Jay Z is set to sell his share in Barclays Center soon, according to various reports.
Jay Z helped in efforts to make the New Jersey Nets become the Brooklyn Nets. After helping that move, Jay Z began a new endeavor with Roc Nation Sports, an agency that has signed several athletes including Robinson Cano, Kevin Durant and Victor Cruz. This may be one reason that Jay Z has relinquished his ownership in the team, as NBA rules do not allow players and-or agents to own part of a team.
Jay Z recently sold the remaining part his stake in the Brooklyn Nets organization (one-fifteenth of one percent) to the team’s new head coach, Jason Kidd.
Jay Z is said to own a little less than one-fifth of one percent of Barclays. The stake is valued at $1.5 million, according to Huffington Post.
Jay Z has discussed his stake in Barclays and the Nets.
“It doesn’t matter what percentage [I own],” he said during a recent performance at Barclays, according to Huffington Post. “The story is that a Black kid from a single-parent house made it from [Marcy Projects] about six minutes away from here. So the fact that I have any ownership in this franchise is fucking amazing. The fact that I have any ownership in this venue is fucking amazing. Don’t let them diminish your accomplishment or dim your shine. It’s fucking amazing.”
Jay Z has also explained his decision to move forward with Roc Nation Sports, as reported by MTV.
“It was never about an investment; it was about the Nets and Brooklyn,” Jay Z said in April. “My job as an owner is over but as a fan it has just begun. I’m a Brooklyn Net forever. The Nets have made their mark on the NBA and as they enter a new era, Roc Nation does as well; as we embark on Roc Nation Sports.”
RELATED: Jay Z Set To Sell His Stake In Brooklyn Nets To Jason Kidd
http://www.youtube.com/watch?v=u-7zFV6ypZg
Hilarious to me how Hip Hop says oh Jay-Z owns the Nets.. I like the guy’s music but it was a rich Russian & some rich Jewish guys who needed an urban black face to put on this, they tore people out of their homes under eminent domain laws to build a basketball stadium… What about those people Jay-Z? Who cares, as long as he is making his percentage.
follow at noles506
Didn’t they get paid to move?
And you’ve done what with your life? Dont knock the dude, he made it out of the projects and did something. Until you do the same or better STFU fuckin crab
Yup. Said it when it first was announced.
@BBlanco
Wtf are you on about catching feelings for nothing? He wasnt even dissing dude. Let loose of the grip you bitch ass faggot.
I like Jay-Z’s music but it is what it is. He got caught slippin.
@EarthToneDaProducer
A fee was paid by Nets ownership to terminate the Nets’ contract to play at Prudential Center. No one paid the Nets to move to BK.
my comment wasnt for EarthTone it was for the First Anonymous U prick so U need to calm da fuk down bitch
And this is news becaaausse??????
because jay is a hip hop artist, and this is a hop website. therefore, it’s hip news.
Em is selling his old crib too how is that hip hop too? Fucking fool
in other words jay z owns/owned 0,02% of barclays center.
Actually it’s 0.2%, arithmetic my dude.
What your referring to is one fiftieth of one percent.
better than owning 0%
hhh 0.0000000000000000000000000000001% so 0%
a 0,02% that is worth more than your family tree.
Thegrandreport got some good videos on there too
like Heather explained I’m in shock that you can profit $7064 in 1 month on the computer. their explanation http://www.star48.com
http://www.youtube.com/watch?v=rOoj3N5o8hY
I told all of you last year that Jay-Z was hard up for cash and would begin selling all of his investments soon.
Hard up for cash?? Really??? You do realize samsung cut him a check for MCHG for 1M to Exec Produce his alb right… they they bought 1 mill copies at 5 mill a piece, then he sold almost a mill copies on his own…. (this is all income from just MCHG)
L told all of you last year that Lil’ Wayne had a hard on for ass and would begin sliding all up in my intestines soon.
pretty bad investment if your buying 1 million copies at 5 million dollars a piece. 5 trillion is pretty pricey. even for jay verses
That’s it? Jay-z be exaggerating, acting like he owned the whole building. Even his Nets share was nothing. They just used you to get what they wanted. Sell out.
You call that being used? about to make a few mills off this deal? and bringing a major sport franchise to your home town?
Jay has a point, it doesnt really matter what percentage he owned, yet it was a small amount but that small amount is more than most americans will ever see.
i will admit, when i first heard of his ownership, i thought it would be somewhere around 5-10%.
all of you would be lying if you wouldnt be happy to own .15% of an NBA team
niggas is mad, jay still winning.
I know this nigga is loaded but wtf. This is the dude that opened up his Barclays show with ‘Welcome to the house I built!’. Excuse me? What about the frikkin Planners, architects, structural engineers, surveyors, project managers and last but not least, the rich ass whitemen like Brett Ratner who really pulls the strings. I know jay stans will retort by sayin I dont have Jays dough or success, but when a niggas frontin about what hes doing, he expects to be called out for it, regardless of his position.
Aitte im outchea
you dont have jays dough or success.
dumb fuck if were to buy land tomorrow and build a house ….. u would say that u r building a house there even though u are not literary laying bricks down, when jay says that it is the house that he built he means by the role he played in having Barcleys centre built in Brooklyn…..who do you think influenced the decision to relocate to Brooklyn?
you don’t have jays dough or success.
The American Dream
http://www.youtube.com/watch?v=Or6aXEHG1xs
http://www.youtube.com/watch?v=ZZUGpOjswDk
http://www.youtube.com/watch?v=cC-Nof2PqiY
http://www.youtube.com/watch?v=oYA18okbqqo
Nigga moves on a higher plane, personified winning.
Hov: I ain’t no ordinary nigga
Look around, this ain’t what ordinary gets you
Extraordinary figures
I’m an extra-ordinary nigga
Before my name became Jigga
Before I sang, I had that thang on sippers
Can’t complain bout what they ain’t gonna give ya
That ain’t gonna get you shit, might as well give up
Or get up, get out and get something, nigga
Get a job, my nigga, or get to dumping
Only God can judge him, only he without sin
Can tell me if my means can justify my ends
Til’ then, I’m just gonna fly in the Benz
Wire my friends through Western Union
Shh….surprising my sister, knockin’
Here comes the bad guy again!
Jay verses are also for his haters, losers and most who can’t win their life. Lol
uptil I saw the paycheck which said $6381, I have faith …that…my mom in-law truley receiving money part time online.. there best friend has done this for less than six months and by now repayed the mortgage on their appartment and purchased a great new Mazda MX-5. take a look at the site here http://www.Fb39.com
Top 5 Rappers of all Time
5. KENDRICK LAMAR
4. JAY-Z
3. EMINEM
2. METTA WORLD PEACE
1. SHAQUILLE ONEAL
0. J.R. SMITH
TOP 5 RAPPERS OF ALL TIME
5. KENDRICK LAMAR
4. EMINEM
3. 2PAC
2. METTA WORLD PEACE
1. SHAQUILLE ONEAL
0. J.R. SMITH
Jay should buy Damon Dash a life.
Your father should buy you out of being broke… Work your way out they say. Fool