Wednesday, September 4, 2013

Jason Kidd Could Buy JAY Z's Nets Share According To Rumors

The NY Post doesn't just put up anything, and according to Page Six, Jason Kidd will take JAY Z's ownership of The BK Nets.
Jay Z is selling his minority ownership in the Brookyn Nets to coach Jason Kidd, sources exclusively tell Page Six. We’re told Kidd will take over Jay’s .067 percent (1/15th of a percent) stake in the team for about $500,000.
Amazingly, Jay was introduced to the team in 2003 by Drew Katz, the son of one of the Nets’ principal owners, after Kidd, then the Nets’ marquee point guard, suggested the music mogul buy the team. According to reports, Jay helped design the team logos and choose the Nets’ stark black-and-white color scheme, and personally appealed to National Basketball Association officials to drop their objections to it.

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