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Jay-Z Sells Nets Stake to Kidd?
Posted By HOOPSWORLD On September 4, 2013 @ 7:00 am In Headlines,NBA Headlines | No Comments
Jay Z is selling his minority ownership in the Brookyn Nets to coach Jason Kidd, sources exclusively tell Page Six.
[The New York Post is] told Kidd will take over Jay’s .067 percent (1/15th of a percent) stake in the team for about $500,000.
The move comes as Jay was forced to sell his Nets shares over a conflict of interest after he started a sports agency, Roc Nation, signing clients including Yankee Robinson Cano and Oklahoma City star Kevin Durant.
A source told [The New York Post], “Other owners want to give Jason a part ownership of the team, and urged Jay to sell his shares to him.”
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