Yesterday evening Yahoo! reported that Jay-Z plans to give up his small ownership share in the Brooklyn Nets in order to avoid a conflict of interest with his new sports management firm Roc Nation Sports. An unidentified source indicated that Jay hopes to have the deal done by June, which would allow him to approach players entering this year’s NBA draft. In the following clip, Bloomberg finance reporter Dominic Chu speaks on Jay’s contributions to the team and why this move is necessary for Roc Nation Sports to move forward.
Perhaps more importantly, Jay can finally stop pretending to like the Nets and go back to rooting for the only NYC basketball team that matters.