Truth & Rumors > NBA

Jay-Z sells ownership stake to Kidd

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07:21 AM ET 09.04 | The Jay-Z ownership era is over in Brooklyn. [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. 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 us, "Other owners want to give Jason a part ownership of the team, and urged Jay to sell his shares to him." ... According to reports, Jay helped design the team logos and choose the Nets' stark black-and-white color scheme, and personally appealed to [NBA] officials to drop their objections to it.

New York Post

Jay-Z, US Presswire Jay-Z, US Presswire
September 4, 2013  07:50 AM ET

1/15th of a percent? You call that ownership! I have shares of Microsoft do I walk around saying I have 1/1,000,000,000 share of ownership?

September 4, 2013  07:56 AM ET
QUOTE(#1):

1/15th of a percent? You call that ownership! I have shares of Microsoft do I walk around saying I have 1/1,000,000,000 share of ownership?

Why you braggart!!!!!!!!!!!!!!!!!

September 4, 2013  08:00 AM ET
QUOTE(#1):

1/15th of a percent? You call that ownership! I have shares of Microsoft do I walk around saying I have 1/1,000,000,000 share of ownership?

And - you haven't sold that crap yet?

September 4, 2013  08:05 AM ET
QUOTE(#3):

And - you haven't sold that crap yet?

LOL

September 4, 2013  08:07 AM ET
QUOTE(#3):

And - you haven't sold that crap yet?

HA HA I sold on Friday. Made my day yesterday when their stock tanked again.
As a Microsoft Partner, they are doing everything they can to make me disappear. I hope the new CEO has a better vision than Baldy.

September 4, 2013  08:11 AM ET
QUOTE(#5):

HA HA I sold on Friday. Made my day yesterday when their stock tanked again.As a Microsoft Partner, they are doing everything they can to make me disappear. I hope the new CEO has a better vision than Baldy.

Buying Nokia is hardly innovative.

September 4, 2013  08:12 AM ET
QUOTE(#4):

LOL

Welcome back my friend... Hope it was a wonderful journey.

Comment #8 has been removed
Comment #9 has been removed
September 4, 2013  08:50 AM ET

Are coaches permitted to also be owners?

September 4, 2013  09:06 AM ET
QUOTE(#6):

Buying Nokia is hardly innovative.

Beginning of the end.

Comment #12 has been removed
Comment #13 has been removed
September 4, 2013  09:20 AM ET
QUOTE(#7):

Welcome back my friend... Hope it was a wonderful journey.

It was great Otis................Thanks.............

Comment #15 has been removed
September 4, 2013  09:20 AM ET
QUOTE(#12):

Mickey is back!!Welcome home Irish gangster!

TY Brother.........

September 4, 2013  09:21 AM ET
QUOTE(#15):

Hey Mick...How was Ireland?

Most excellent !!!!!!!!!!!!

Comment #18 has been removed
September 4, 2013  09:24 AM ET
QUOTE(#17):

Most excellent !!!!!!!!!!!!

How did you do in the tossing leprechaun game?

 
September 4, 2013  09:25 AM ET
QUOTE(#3):

And - you haven't sold that crap yet?

His percentage runs Fan Nation. Technology is an awesome thing...

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