Jay-Z Sells Stake in Brooklyn Nets

As expected, Jay-Z has divested his ownership stake in the Brooklyn Nets in order to avoid a conflict of interest with his new sports management venture Roc Nation Sports. He announced the move in a letter on the Life+Times site:

Being a member of the Nets organization surpassed some of my greatest ambitions. 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. I’m a Brooklyn Net forever. It’s been an honor to work with Mikhail Prokhorov, Dmitry Razumov, Christophe Charlier, ONEXIM Sports and Entertainment, Brett Yormark and all the wonderful people involved in making the Nets first class. My sincerest thanks goes to Bruce Ratner, who first introduced the idea of moving the Nets to Brooklyn. A thank you and deepest appreciation goes to the fans. You are the lifeblood of any team.

The Nets have made their mark on the NBA and as they enter a new era, Roc Nation does as well; as we embark on Roc Nation Sports. Our newest endeavor is committed to building the brands of professional athletes as we have done for some of today’s top music artists. For Roc Nation Sports to function at its full potential, NBA rules stipulate that I relinquish my ownership in the Brooklyn Nets. It was a tough decision but as I stated earlier, it’s not about ownership. Congratulations to The Nets on a great season and making the playoffs! I will always be a Brooklyn Net.

Previously: Jay-Z – Open Letter (Chop Not Slop Remix) | Jay-Z Covers TIME Magazine’s 100 Most Influential


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49 Responses to “Jay-Z Sells Stake in Brooklyn Nets”

  1. ***biggumskiller*** Says:

    That’s fucked up
    I remember when EnglandRepresent brought a skunk home for his fiancée
    The bitch was like “What the fuck are you doing bringing a skunk in here?”
    England said “It’s okay we’ll just keep the skunk under the bed.”
    His bitch said “Under the bed?”
    “But we sleep on that bed! What about the Smell?
    England said “I got used to it, so will he!”

  2. harlem world Says:

    1/15th of 1%, calm down sean

    the russian mob dude is the real owner

  3. harlem world Says:

    50’000 marines comin through canberra, sydney, melbourne in search of eng rep the t3rr0r threat >>>>

  4. harlem world Says:

    net$ are tra$h anyway

    the make the knicks look like miami heat

  5. Gob Bluth Says:

    The percentage was never that important, they got a rocawear store, 40/40 & his ad business is still employed by the Nets front desk, so he’s still caking of the association

    i’ll let niggas tell it tho

  6. harlem world Says:

    the russian mob nicca used hov as the face

    while he called the shots

    like a russian mobster drinkin distilled vodka

  7. A-1 Says:

    Hood Trill Stunting Aka Trap Day Man
    23 mins ago
    so the government passed that CISPA (internet spying) bill. y’all clowns can type all those ‘ima kill you SN!’ comments if you wanna. don’t be surprised when chea show up at ya door arrest warrant in hand with them peoples.

    your personal data is now government owned.
    ———-
    O.SHIT

  8. A-1 Says:

    Jus exactly how far can dey go bacc..?

  9. A-1 Says:

    Gob Bluth
    7 mins ago
    The percentage was never that important, they got a rocawear store, 40/40 & his ad business is still employed by the Nets front desk, so he’s still caking of the association

    i’ll let niggas tell it tho
    ———-
    “Now u r lookn @ 1 smart blacc boy…..”

  10. Gob Bluth Says:

    Don’t worry about it A-1, even without this law they could get you if they wanted to, the internet was never really anonymous anyway

  11. A-1 Says:

    Gob Bluth
    1 min ago
    Don’t worry about it A-1, even without this law they could get you if they wanted to, the internet was never really anonymous anyway
    ——–
    :-(

  12. Black Says:

    Jus exactly how far can dey go bacc..?

    ^^^^^^

    Lmao if its a week you’re done…

  13. Gob Bluth Says:

    Jas fly titties >>

  14. rex hussla Says:

    Lebron opts out of his deal after next season, hires Hov as his agent and they both make $$$$ on top of $$$$$$$$$$$$

    you heard it here first

  15. AR-Clip Says:

    K.r.I.t should take the BIG off his name. King remembered in time>>> big king remembered in time

  16. rex hussla Says:

    It was a tough decision but as I stated earlier, it’s not about ownership. Congratulations to The Nets on a great season and making the playoffs!

    ^

    Nets <<<

    Paying Joe Johnson $20 Mil both of the next couple seasons with the new salary cap is gonna be rough

    Nets traded their first round pick this season (who became Damian Lillard) for Gerald Wallace at the end of last season SMMFH

    That ship is gonna sink soon with moves like this

  17. EnglandRepresent Says:

    Might just send a legion of wombat who are willingto sacrifice for the cause to your dorstep. Strapped with explosives and detonators.

  18. EnglandRepresent Says:

    Real chat though can you imagine white Australia handing the country back to the Aborigines? Just upping and leaving? They’d rather wipe the rest of the Koori people from the earth before that happened.

  19. AR-Clip Says:

    3 piece from popeyes with a peach soda>>

  20. AR-Clip Says:

    I’m quiting my job on the 15th, and they don’t even know it..

  21. hood trill stunting aka trap day man Says:

    Jus exactly how far can dey go bacc..?

    > don’t look up weapon instruction manuals online or make any purchases with a stolen credit card or get into any type of fraud where you need the internet to get paid & you’ll be good.

    i think…

  22. Doctor Bulldog Says:

    Nigga owned like 0.00000001% of the Nets

  23. AR-Clip Says:

    Roffs

  24. ayo Says:

    Biggum =bigbum

    yappin ass nigga

    blah blah blah

  25. ***biggumskiller*** Says:

    Better erase all them pics of that lawn chair from your hard drive A-1
    Just basically destroy the lawn chair
    Or you goin to the Feds

  26. ***biggumskiller*** Says:

    Ayo-S-one/You must Yearn single and video>>>>

  27. ***biggumskiller*** Says:

    Up your address spic so I can slap that taco outta ya jibbs

  28. ***biggumskiller*** Says:

    Cracker had on a Bridgestone cap
    They definitely saying the mustache one is Caucasian
    Time to water board some honkies

  29. Danielson The Elusive Says:

    Jay-Z – Brooklyn’s On The Way [Prod. J. Cole]

    I ain’t lyin’

  30. AFGun Says:

    oh no.. there goes that entire 0.03% ownership

  31. ***biggumskiller*** Says:

    Does this faggot ayo sweep the floors around here?
    What is this guallas purpose beside being a pest?
    ayo=illegal immigrant on an obamaphone?

  32. ayo Says:

    look at bigbum lurking

    dying for me to come back

    so you can respond

    Ayoooooooo

  33. ayo Says:

    Only bodies you caught was on the internets

    Bigbum

  34. Danielson The Elusive Says:

    michaeljackson_popcorn.gif

  35. Gob Bluth Says:

    tinyurl.com/czjcswm

    ^

    Good lord !!

  36. ***biggumskiller*** Says:

    Sean Hannity is convinced the FBI is hiding something lol
    The far right and the far left are the same thing now
    United in hating Obama
    You gonna see strange alliances in this second term
    Strange bedfellows indeed

  37. ***biggumskiller*** Says:

    Satchel Paige>>>>Josh Gibson>>>>Jackie Robinson

  38. Jackson7 Says:

    robinson cano >>> jackie robinson

  39. Jackson7 Says:

    so who got bodied by nation’s new no mask laws?

  40. ***biggumskiller*** Says:

    Alfonso Soriano>>>>Robinson Cano
    Soriano wins the greatest World Series if Mariano hadn’t malfunctioned
    Cano never went 40/40

  41. ***biggumskiller*** Says:

    Yo Land you and that kid Kevin need to patch that shit up
    Dbillz Would’ve wanted it that way lol
    That british chick Sharon Carpenter from BET is cute

  42. French Kevin Says:

    They’re still not talking about the Saudi who got the shit beat out of him by Bostonians. Turns out dude is related to known terrorists. Can’t ask questions about him anymore. They did admit that they’re not deporting him.

  43. ***biggumskiller*** Says:

    No masks=no comments

  44. ***biggumskiller*** Says:

    He’s the leader that Saudi
    Obama works for him

  45. tHe kiD fRanKiE Says:

    Injustice gods among us>>>>>

  46. Jackson7 Says:

    Soriano > Cano?

    ——

    lmao…

    i thought you knew baseball better than that…

    there is not one thing Soriano does better than Cano…

    he USED to run faster and steal bases..

    for a couple seasons…

    cano is a gold glove second baseman…

    soriano has never had a stable positition defensively.. shortstop, second base, outfield.. he had a few all star seasons in pinstripes but been stealing money from texas and chicago since…

    robinson cano is greater every season … led the dominican team to the world baseball championships… won the homerun derby… got a ring… signed as camels first athlete on roc nation sports management (C.A.A.)… the purest of 300 hitters… barry bonds replica swing…

    you can be sure soriano wont be gettin no rocafella chain

    like Cano and Victor Cruz

    and soon lebron

  47. Jackson7 Says:

    true tho

    soriano had beat up schilling in game 7

    shit was over

    then womack and luiz gonzalez with them bitchass bloop accidental hits…

    its not like they was mashing mariano’s pitches..

    they was broken bat bloopers off the handles and bat manufacturers logos

    the laws of the universe was evening shit up from the way the Yankees won games 4 and 5 off that poor Korean kid… byun yun kim

    that shit still fucks me up

  48. ***biggumskiller*** Says:

    I don’t even like to talk about that game seven
    But Soriano won the Oakland series
    Won another game with a single off Kim I think
    And almost won the World Series
    That’s my nigga
    And no steroid stories either
    Yet
    His contract makes him untradable
    Just like a rod who he was traded for
    I hated the Yankees ever since you know that negro
    Yankees was close to trading Robinson Cano last year
    First chance they get he’s gone

  49. ***biggumskiller*** Says:

    And Soriano’s best season was with the Nationals
    After he was traded from Texas

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