Hov has finally sold his share in the Brooklyn Nets. We knew he had to do it, but we didn’t know when or to who — until now.
Check out who he reportedly sold it to & let us know what you think…
Via NYP:
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.”
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We’re told that, unlike Jay, the coach owning minority shares in the team would not be seen as a conflict of interest.
(Story Continues…)
