Jay-Z Explains Why He Drops Brooklyn Nets Ownership

Posted on Apr 20 2013 - 9:38am by LoboLatest

Jay-Z and wife Beyonce have become the first Billionaire couple in music.  Jay-Z’s stake in the Brooklyn Nets must not have been included in the billions, because he has recently confirmed that he has sold his ownership stake in the Brooklyn Nets. JayZ has a huge decision to make in order to bring in more millions!  He decided to choose becoming a sports agent with his new Roc Nation sports division and was forced to relinquinsh his stake.

In a letter posted on his site Life + Times, he wrote,

“It was never about an investment; it was about the NETS and Brooklyn. My job as an owner is over but as a fan it has just begun.”

He continued,

“For Roc Nation Sports to function at its full potential, NBA rules stipulate that I relinquish my ownership in the Brooklyn Nets.” He ended with, “Congratulations to The Nets on a great season and making the playoffs! I will always be a Brooklyn Net.”

READ FULL LETTER HERE

I am sure Jay-Z plans to make so much money with Roc Nation Sports, it’s going to be CRAZY! Can’t wait to see how he does it.

Congrats on your forward motion Jay.

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