Found April 17, 2013 on
Larry Brown Sports:
Via Larry Brown Sports:
Reddit co-founder Alexis Ohanian is making it known that he would like to purchase Jay-Z’s ownership share in the Brooklyn Nets.
Last week it was reported that Jay-Z will be selling his ownership share in the Nets — an amount less than one percent of the franchise — in order to become a certified NBA agent.
Ohanian, who sold the popular social media site Reddit.com in 2006, is a Brooklyn native and Nets season-ticket holder, according to NetsDaily.com. Ohanian tweeted last week to express his interest in buying Jay-Z’s shares:
Ohanian was also on Bloomberg TV’s “Money Moves” Tuesday where he again expressed his interest in buying Jay-Z’s share of the Nets.
“Absolutely,” answered Ohanian when asked if he would have interest in buying Jay-Z’s share. “In fact, I have tried to make as many public and private overtures as I can to let HOVA know that I would absolutely be honored to buy those shares.”
Nets Daily also says Jay-Z will decide who purchases his share of the team. Jay-Z reportedly paid $1 million for his stake in the team.
You can see Ohanian’s interview with “Money Moves” below. The Nets part comes at the very end:
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In deciding to start his own sports agency, Roc Nation Sports, Jay-Z was forced to give up his ownership stake in the Nets. He penned a letter to explain his love for the franchise.
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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...
I’m over it T…
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