Jay-Z Rumored to Own Less Than One Percent of BK Nets
Aug 17, 2012 | 3:30 AM Written By: Mike Hughes
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According to recent rumors surrounding Jay-Z's place within the ownership of the new Brooklyn Nets franchise, Hov only owns less than 1% of the team's entire $300 million worth. Before, it was thought that he invested a solid million into the franchise; however, recent rumors from the New York Times are claiming that his full stake in the team is only at $200,000.
Regardless of how much money he's put into the organization, Jay has enough personal influence to dictate the musical shows that'll play at the venue and the logo for the team's uniforms. He's sure to make some real bank off of his investment (no matter how small or big) in the Brooklyn Nets team.
Source: allhiphop.com
Previous Comments
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nulight 08/18/2012 3:28 pm
jay z this guy and ice cube are great chess players.
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MIKEY 08/18/2012 12:07 pm
Damn Son...
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MFU 08/17/2012 1:27 pm
Modern day slavery to be on a list (forbes). You cant take it with you when your dead. A black person has to show there face and lead their own people to death in order to be rich in this white mans world. I see why Sean doesnt care if the Nets loss every game. All black people front like they have more than they have.
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P is for Phenomenal REPLIED 08/17/2012 4:27 pm
It's about time somebody get's it. But, you can't tell these sheep nothing.
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yty 08/17/2012 12:17 pm
Yea Jay is the face of the company. He getting paid for all the things he been doing jay making good money off this thing. He doesn't really want to go thru the headache of actually having a nba team. One thing about jay he is a business man guarantee he comes out on top in this thing...
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aeriall 08/17/2012 9:53 am
Lol jay b stunting just like they tryna say he made 2k13
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NYzee 08/17/2012 8:34 am
Ques is what do u people blogging own??? Ya knee deep in this mans pocket lmaooo. Congrats Hov I'm happy if u owned .1% bo$$ life
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Slave-Z REPLIED 08/17/2012 9:27 am
Yeah, pay homage you pussy ass nigga.
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young.k 08/17/2012 7:46 am
jays just putting himself in position to eventually own the whole team one day.watch.look at his influence in the team now and its only 1%.
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jane doe 08/17/2012 7:01 am
Jay Z invested 5 million and only owns half a percent (.5) of the team. He makes between 50-60000 a. Year from the nets. But now with his new president appointment I'm sure he'll get those employEe checks of 500,000 for doing almost no work
