Jay-Z To Sell His Ownership Of The Brooklyn Nets

According to Yahoo Sports, Jay-Z will be selling his share of the Brooklyn Nets. He has to do it in order to represent NBA players with his latest venture, Roc Nation Sports. He recently has signed New York Yankee Robinson Cano, and seems to be looking to expand a lot more.

Entertainment mogul and rapper Jay-Z has started the process of divesting his small share of ownership with the Brooklyn Nets to extend his Roc Nation Sports representation business into basketball, sources told Yahoo! Sports. Jay-Z will have to divest his share of the Nets to become certified as an NBA agent. (USA Today Sports) 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 franchise's marketing and move from New Jersey to Brooklyn. Selling his share of the Nets is a necessary prelude for Jay-Z to obtain his National Basketball Players Association certification as an agent. (YS)

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Artist Label: Jay-Z