Jay-Z Selling Stake in The Brooklyn Nets
Fri, 12 Apr 2013 10:54:09
Jay-Z is currently working on selling his ownership stake in the NBA team the Brooklyn Nets but he's not getting out of the sports business. He has to sell because he is getting further into the sports business as an agent.
The Hova recently signed New York Yankees' second baseman Robinson Cano to his management company Roc Nation in a partnership with Creative Artists Agency. Cano left his agent Scott Boras to sign with the Hov's new venture. He will be a sought-after free agent at the end of the season.
The rapper has to divest his share of the Nets in order to represent athletes, according to the rules and regs and stipulations of the NBA. So he is selling because he HAS to.
If you were an athlete, would you want to be repped by a rapper? Jay-Z has proven to be an entrepreneurial guru on many levels, besides music, so...