Found September 04, 2013 on
Jason Kidd is the new coach of the Brooklyn Nets, and thanks to Jay Z, Kidd is now also part owner.
The New York Post is reporting that Jay Z sold his stake in the Nets to Kidd for $500,000. Jay-Z, who has broken into the world of sports agency, owned 1/15th of a percent of the team.
The move was reportedly pushed for by the team’s other owners.
“Other owners want to give Jason a part ownership of the team, and urged Jay to sell his shares to him.”
The Post is reporting that it was Kidd who helped convince Jay-Z to become involved with the Nets in 2003 while Kidd was still a point guard on the team.
Jay Z of course has started Roc Nation Sports, and can not be an owner while running a sports agency.
BEST OF MAXIM
Jason Kidd is going all in on his Nets gig. The former franchise point guard will not only coach Brooklyn this year but will also invest in the team, becoming a part owner, the New York Post reports. Kidd is buying Jay-Z‘s minority stake in the franchise for $500,000, the Post reports. Jay-Z’s involvement with the team has been highly publicized since he first bought in, although...
Jason Kidd is going all in on his Nets gig. The former franchise point guard will not only coach Brooklyn this year but will also invest in the team, becoming a part owner, the New York Post reports.
Kidd is buying Jay-Z's minority stake in the franchise for $500,000, according to the Post. Jay-Z's involvement with the team has been highly publicized since he first bought...
This article was originally published on Philly.com earlier this morning. Check out the article in its entirety here.-- "Jason Kidd is already the head coach of the new-look Brooklyn Nets, and now he will be a partial owner of the team as well. According to the New York Post, Jay-Z is selling half of his shares of the team to the freshly minted head coach. Jay-Z, whose real...
Hip-Hop star and mogul, Jay-Z, is reportedly selling his .067 percent (1/15th of a percent) stake in the Brooklyn Nets to new Nets’ head coach, and former NBA player, Jason Kidd. The stake is worth an estimated $500,000, and is an asset Jigga can no longer hold on to since opening his sports agency, Roc Nation.
A source told the New York Post “Other owners want to give Jason...
Looks like Jay Z may finally have a buyer for his minority shares of the Brooklyn Nets. Per the New York Post, newly minted Nets head coach Jason Kidd is set to take over Jay’s .067 percent (1/15th of a percent) stake in the team for $500,000. It was Jason Kidd who suggested Jay Z buy the Nets in 2003 when Kidd was the point guard.
Can The Roc represent coaches too? Jason Kidd...
According to the New York Post, Jason Kidd is now head coach/owner of the Brooklyn Nets. How you ask? Because Jay Z has reportedly sold his minority stake in the Nets to the new head coach.
The New York Post also reports that the other owners of the Nets urged Jay Z to sell his stake to Kidd and Jay Z obliged.
Jay Z is selling his minority ownership in the Brookyn Nets to coach Jason...
As first reported by the New York Post, sources have confirmed that Jay Z is selling his share in the Brooklyn Nets to current head coach Jason Kidd.
Kidd will take over the .067 percent stake worth approximately $500,000.
The move had been long awaited when Jay Z began his own sports agency, Roc Nation Sports, and was no longer eligible to have a stake in any NBA team...
It is a testament to Jay Z’s business savvy that he turned a small ownership stake in the Nets into this global enterprise he is now running. It is something other rappers haven’t been able to do with their ownership stakes in teams.
Since, Hov is a full time sports agent now, he had to get rid of shares in the Nets and look who he sold them to according to Next Impulse Sports...
Jay-Z is getting set to become a sports agent which means he has to sell his miniscule share in the Brooklyn Nets. Agents cannot be owners because of the whole conflict of interest thing in the collective bargaining agreement. Jay-Z was more of a face and publicity figure than an owner anyway.
That 0.067 percent of the Nets though is critical. It could tip the balance of power...
Jason Kidd is purchasing Jay-Z's 1/15th of a percent stake in the Brooklyn Nets for approximately $500,000.
“Other owners want to give Jason a part ownership of the team, and urged Jay to sell his shares to him,” according to a source.
Jay-Z was forced to sell his ownership interest in the Nets to become a sports agent.
The $500,000 stake in the Brooklyn Nets that was previously that of artist Jay Z will now belong to a familiar face around Brooklyn.
New Net head coach Jason Kidd is reportedly buying the minority stake, according to NetsDaily. Jay Z’s share is worth 1/6 of a percent of the club.
The hip hop mogul delved into the business of player representation this year with his agency Roc...
“I still own the building, I’m still keeping my seat ” – Jay Z on Open Letter Now that Hov is a full-time sports agent he had to sell his stake in the Brooklyn Nets. Surprising to me, he sold it to the current head coach Jason Kidd. Next Impulse Sports has the details. […]
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.
It’s a deal that we all knew was coming – the Brooklyn rapper needed to offload his ownership stake in order to be qualified to represent NBA players for his new sports representation group, Roc Nation Sports...
Click on the photo to read Bold Predictions for Every Team
Tonight’s the night my friends. The NFL Season gets started as does your 2013 Fantasy Football season. Here’s to avoiding injury and taking home the title. Had my draft last night and was mildly disappointed with the team I produced. Let’s go Megatron!
Usain Bolt says he will retire after the 2016 Olympics...
It sounds like Jay Z is taking this whole sports agent thing pretty seriously. The entrepreneurial rapper is selling his minority ownership in the Brookyn Nets to head coach Jason Kidd, sources told Page Six of the N.Y. Post.
The sources claim Kidd will take over Jay’s .067 percent (1/15th of a percent) stake in the team for about $500,000.
The move comes as Jay was forced...