Jay Z Sells His Portion of Brooklyn Nets Ownership to Jason Kid
- Category: RTM News Reel
- Published on Thursday, 05 September 2013 08:12
- Written by Roz Edward, National Content Director
- Hits: 59
In case you have not yet realized, there is no stopping Mr. Shawn Carter in his attempt to dominate every aspect of the entertainment industry. After much speculation that Jay Z would be forced to sell his 0.067 share of ownership in the Brooklyn Nets to pursue his Roc Nation Sports Agency, the music mogul decided Jason Kidd was the perfect person to sell his small stake to.
A source shared with the New York Post;
“Other owners want to give Jason a part ownership of the team, and urged Jay to sell his shares to him.”
The deal comes months after Jay started his Roc Nation sports agency. By selling his share of ownership, Mr. Carter has successfully avoided the ‘conflict of interest’ talk he was bound to hear due to his personal and professional investments. Roc Nation has signed New York Yankee Robinson Cano, Oklahoma City Thunder’s very own Kevin Durant and WNBA newcomer Skylar Diggins.
Kidd has signed on as the coach of the Brooklyn Nets for this forthcoming season. Unlike Jay Z, Kidd’s ownership will not be seen as a conflict of interest.
What can we say? Jay knew about these new rules!
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