Jason Kidd to buy Jay-Z’s Brooklyn Nets shares

Just when you thought this summer couldn’t get any weirder… New Brooklyn Nets head coach Jason Kidd is primed to buy Jay-Z’s minority stake in the Brooklyn Nets, according to the New York Post. NBA rules force Jay-Z to sell his shares due to his involvement with Roc Nation Sports, a sporting agency that represents NBA athletes, as well as athletes from other sports.

As part of the team, Kidd would have no such conflict — though that could change if he ever pursued employment with another franchise or a sports agency.

NetsDaily has reported, conflict to the Post, that Kidd is buying half of Jay-Z’s shares, with the other half going to a minority owner. The shares Kidd are purchasing are reportedly worth about $500,000.

Jay-Z’s influence on the Brooklyn Nets has been enormous — he opened Barclays Center with eight concerts in nine nights, helped design the logo and pick out the color scheme, and is routinely a spectator at games in his courtside seat.

Hope Kidd never has to fire himself.

New York Post — Jay sells Nets stake to Kidd

NetsDaily — Source: Jay Z selling half his shares to J Kidd

Comments

  1. Jay-Z sold his shares for 1 million dollars…I wonder how much he bought them for ?
    Kidd now has even more incentive to win games…The more he wins, the more he stands to make. Watch him now play Garnett 40 minutes a game, 82 games. (LOL)

    1. M I K E I’m not sure this decision was made with the main objective being to make a profit. Could be wrong though.