Jay-Z Pens Open Letter to Brooklyn Nets Fans After Selling Shares

As you already know, Jay-Z is exiting his throne as Nets co-owner to get some athlete money, thus he has to sell his shares of his hometown team.

Via Entertainment Weekly/LifeAndTimes

Remember when Jay-Z was just a guy who rapped about money and women, and his only business ventures were the stillborn careers of Amil and Freeway? Now he’s a major mogul letting the world know how he plans on making his next few millions.

In an open letter posted on his website, the man born Shawn Carter announced that he is officially selling off his tiny ownership stake in the NBA’s Brooklyn Nets in order to fully (and legally) ensconce himself as a sports agent overseeing the newly-minted Roc Nation Sports. NBA rules prohibit team owners from carrying agent licenses, which is why Jigga had to cash out on his stake (which amounted to roughly one fiftieth of one percent).

source.

Share This Post

DeliciousDiggGoogleStumbleuponRedditRSS

4 Responses to Jay-Z Pens Open Letter to Brooklyn Nets Fans After Selling Shares

  1. N Sunshine April 22, 2013 at 8:52 pm

    Is anyone else sick of hearing about celebs “penning an open letter”. Jeez, who cares? Personalize it and roll on.

    Reply
  2. How To Make Money With Website Marketing July 10, 2013 at 3:21 pm

    Needless to say, what a excellent internet site and explanatory posts,
    I’ll add backlink – bookmark this website? Regards

    Here is my web page How To Make Money With Website Marketing

    Reply
  3. pc games torrent September 29, 2013 at 8:53 pm

    Howdy are using WordPress for your site platform? I’m new to the blog world but I’m trying to get started and set up my own.

    Do you need any html coding expertise to make your own blog?
    Any help would be really appreciated!

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *


*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Widgetized Section

Go to Admin » appearance » Widgets » and move a widget into Advertise Widget Zone

Advertise