Wednesday 4 September 2013

Jay Z sells his shares of the Brooklyn Nets to coach

Jay Z has been busy switching lanes, going from minority owner of the
Brooklyn Nets to owner of his own sports agency.

So while he still owns the Barclays building and still owns his
courtside seats, he no longer owns his shares in the team.

Word has just come through that Hova is planning to sell his shares
to new Nets coach Jason Kidd.
The New York Post is reporting that Kidd will take over Jay's .067
percent (1/15th of a percent) stake in the team for about $500,000.
"Other owners want to give Jason a part ownership of the team, and
urged Jay to sell his shares to him."

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