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Author Topic: Jay-Z selling his Nets stock  (Read 1825 times)

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Jay-Z selling his Nets stock
« on: April 10, 2013, 08:45:35 AM »

Online Moranis

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apparently he wants to be an agent for NBA players and thus can't own part of any NBA team.  Seems like an odd move, but when you have that kind of money I guess it doesn't really matter.
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Re: Jay-Z selling his Nets stock
« Reply #1 on: April 10, 2013, 09:06:13 AM »

Offline PhoSita

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I think partial ownership of the Nets seems a lot less exciting since LeBron didn't end up joining the team.
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Re: Jay-Z selling his Nets stock
« Reply #2 on: April 10, 2013, 10:02:22 AM »

Offline KGs Knee

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I'd wager a guess that the potential earnings from his new agency are greater than the earnings he receives from his minority share of the Nets.

Follow the money
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Re: Jay-Z selling his Nets stock
« Reply #3 on: April 10, 2013, 11:20:41 AM »

Offline fairweatherfan

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Quote from: KGs Knee on April 10, 2013, 10:02:22 AM
I'd wager a guess that the potential earnings from his new agency are greater than the earnings he receives from his minority share of the Nets.

Follow the money

Yeah, they really overplayed his role in the ownership - apparently he owns 1/15 of 1% of the team, which is worth about $350k.  I was under the impression he had a lot more invested in it.
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Re: Jay-Z selling his Nets stock
« Reply #4 on: April 10, 2013, 11:27:54 AM »

Offline pearljammer10

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Cano signing with Jay - Z was the first domino. J wants to represent NBA players and has to sell his ownership in order to do so.
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Re: Jay-Z selling his Nets stock
« Reply #5 on: April 10, 2013, 11:42:52 AM »

Offline StartOrien

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Quote from: fairweatherfan on April 10, 2013, 11:20:41 AM
Quote from: KGs Knee on April 10, 2013, 10:02:22 AM
I'd wager a guess that the potential earnings from his new agency are greater than the earnings he receives from his minority share of the Nets.

Follow the money

Yeah, they really overplayed his role in the ownership - apparently he owns 1/15 of 1% of the team, which is worth about $350k.  I was under the impression he had a lot more invested in it.

I wonder if this is enough though - while he doesn't have a ton of money directly invested in the Nets I was under the impression that he receives a large percentage of the sales from all luxury seats sold
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Re: Jay-Z selling his Nets stock
« Reply #6 on: April 10, 2013, 11:55:57 AM »

Offline ManUp

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Some might debate about him being the greatest rapper alive, but you can't debate he's the most successful rapper alive.
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Re: Jay-Z selling his Nets stock
« Reply #7 on: April 10, 2013, 12:24:11 PM »

Offline Bankshot

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Quote from: ManUp on April 10, 2013, 11:55:57 AM
Some might debate about him being the greatest rapper alive, but you can't debate he's the most successful rapper alive.

He's definitely the most successful, but I don't think he's the best "alive".  I still think Snoop and Busta Rhymes are better rappers.  He's old school and I haven't heard much from him in years, but Rakim of Eric B and Rakim is also a better rapper.
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Re: Jay-Z selling his Nets stock
« Reply #8 on: April 10, 2013, 02:20:56 PM »

Offline NocturnalRebel

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Quote from: Bankshot on April 10, 2013, 12:24:11 PM
Quote from: ManUp on April 10, 2013, 11:55:57 AM
Some might debate about him being the greatest rapper alive, but you can't debate he's the most successful rapper alive.

He's definitely the most successful, but I don't think he's the best "alive".  I still think Snoop and Busta Rhymes are better rappers.  He's old school and I haven't heard much from him in years, but Rakim of Eric B and Rakim is also a better rapper.

As well as Nas, BIG, KRS-ONE, Talib Kweli, Method Man,Common, and Mos Def.
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Re: Jay-Z selling his Nets stock
« Reply #9 on: April 14, 2013, 01:22:11 AM »

Offline TripleOT

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Nets' ownership and Jay Z both got a lot from their association.  The Nets got a successful rebranding as they took root in Brooklyn, and Jay Z got a lot of cachet in the sports world.  As an icon both in hip hop and as a minority businessman, he's going to at least get his foot in the foot with a ton of prospects in different sports.

I see him building a huge sports and entertainment agency.  Smart move. Maybe in a half decade, he'll sell the agency and buy his own NBA franchise.     
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