Jay Z Brooklyn Nets Percentage

Also recently netted 500000 after Nets head coach Jason Kidd purchased his one-fifteenth of one percent share in the Brooklyn Nets. AP Images The New York Times has a story out Thursday about the heavy influence Jay-Z has on the Brooklyn Nets despite only having an ownership stake thats one-fifteenth of.

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A source told us Other owners want to give Jason a part ownership of the team and.

Jay z brooklyn nets percentage. Jay-Z Only Owns 067 Percent Of The Nets But Hes Basically Re-Engineering The Team. Jay-Z whose real name is Shawn Carter owns less than 1 percent of the Nets but has been a central public figure in the franchises marketing and move from New Jersey to. Prokhorov the billionaire owner of the Brooklyn Nets bought 80 percent.

Jay-Z purchased his stake in the Nets in January of 2004 investing a reported 1 million in the team. Jay-Zs ownership stake in the Nets has been scrutinized reports have suggestedthat he owned about 115 of 1 percent of the team but his importance in building the brand of the Brooklyn Nets. Were told Kidd will take over Jays 067 percent 115th of a percent stake in the team for about 500000.

The Brooklyn Nets were founded in 1967 and initially played in Teaneck New Jersey as the New Jersey AmericansIn its early years the team led a nomadic existence moving to Long Island in 1968 and playing in various arenas there as the New York Nets. As of this fall he held one-fifteenth of one percent of the Nets according to the New York. The Brooklyn Nets have two owners in the limelight.

Jay-Zs ownership stake in the Nets has been in the news for a couple of months since David Halbfinger of the New York Times wrote that his stake in the team is 115th of one percent. Jay Z was instrumental in promoting the former New Jersey NETS move to Brooklyn. J Erving the Nets won two ABA championships in New York before becoming one of four ABA teams to be.

Jay Zs part of the stake was bought for a total amount of 500000. According to ESPNs Darren Rovell Jay Zs stake in the Nets is only worth about 350000 -- hardly worthy of the headlines this story is generating. Jay-Z was the most visible figure in the investment group that brought the Nets from New Jersey to his native Brooklyn and was active in the marketing.

Though the value declined in 2013 hen Jay Z decided to sell his part of the stake to the new head coach Jason Kidd. Jay Z just made himself a lot of money. He also opened up on the controversy behind Jay only owning one-fifteenth of one percent of the Nets.

Led by Hall of Famer Julius Dr. His solution is to sell off his absurdly small 0067 115th of a percent of the Nets. Jay-Z reportedly owns just one-fifteenth of 1 of the Nets but became the central figure in marketing the franchises move from New Jersey to Brooklyn.

Theres Mikhail Prokhorov the whimsical Russian strongman. In the year 2003 Jay Z joined the Brooklyn Nets in the role of a part-owner by buying a 115 percent of the total stake for a whopping 1 million. The hip hop lyricist has won 22 Grammy Awards the most by a rapper and holds the record for the most number-one albums by a solo artist on the Billboard 200 with 14.

At least that is what the math says when you gross up the 500000 Jason Kidd is paying rapper Jay-Z for one-fifteenth of 1 of the team the rappers sliver of the Barclays Center is not. Last week the rapper played eight back-to-back shows two and a half blocks away at the new Barclays Center arena which will also host the Brooklyn Nets basketball team he owns less than 1. While Jay Z still owns a percentage of a percentage point on the Barclays Center he is no longer allowed to own an NBA franchise due to his involvement in.

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