Jay –Z Speaks about Selling his Ownership with The Brooklyn Nets.….


Jay-Z has spo­ken out for the first time about sell­ing his own­er­ship stake in the Brook­lyn Nets.

As pre­vi­ously reported, Shawn “Jay-Z” Carter will relin­quish his own­er­ship in the NBA Brook­lyn Nets fran­chise in order to embark on his new ven­ture of Roc Nation Sports.

He stated this morn­ing that.….

Being a mem­ber of the Nets orga­ni­za­tion sur­passed some of my great­est ambi­tions. It was never about an invest­ment; it was about the NETS and Brook­lyn. My job as an owner is over but as a fan it has just begun. I’m a Brook­lyn Net for­ever. It’s been an honor to work with Mikhail Prokhorov, Dmitry Razu­mov, Christophe Char­lier, ONEXIM Sports and Enter­tain­ment, Brett Yor­mark and all the won­der­ful peo­ple involved in mak­ing the Nets first class. My sin­cer­est thanks goes to Bruce Rat­ner, who first intro­duced the idea of mov­ing the Nets to Brook­lyn. A thank you and deep­est appre­ci­a­tion goes to the fans. You are the lifeblood of any team.

The Nets have made their mark on the NBA and as they enter a new era, Roc Nation does as well; as we embark on Roc Nation Sports. Our newest endeavor is com­mit­ted to build­ing the brands of pro­fes­sional ath­letes as we have done for some of today’s top music artists. For Roc Nation Sports to func­tion at its full poten­tial, NBA rules stip­u­late that I relin­quish my own­er­ship in the Brook­lyn Nets. It was a tough deci­sion but as I stated ear­lier, it’s not about own­er­ship. Con­grat­u­la­tions to The Nets on a great sea­son and mak­ing the play­offs! I will always be a Brook­lyn Net. –JAY Z

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