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Jay Z Sells Remaining Stake of Brooklyn Nets to Jason Kidd

Posted on September 4th, 2013
by
Karen


The business man is once again handling his business, man. Hip-hop’s favorite CEO Shawn “Jay Z” Carter has decided to take his talents to Roc Nation Sports full time.

According to Next Impulse Sports, Hov has agreed to sell his final stake of the Brooklyn Nets to their new head coach and NBA Veteran Jason Kidd. “Jay-Z is no longer a minority owner of the Brooklyn Nets after having sold his .067% (1/15th of a percent) stake in the team to new Nets coach Jason Kidd for about $500,000,” a report states.

Though the decision wasn’t easy in order for Hov to have 100% control as an official sports agent, he had to cut his ties and minority ownership of the home team. But with a roster like Kevin Durant, Skylar Diggins, Victor Cruz and Geno Smith, we’re sure his worries are few and far between.

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