Jay Z is selling his .067 minority ownership in the Brookyn Nets to coach Jason Kidd...

[Rocket Scientist]

Coliseum needs to have a resident statistician. Cats really struggle trying to determine 1% of something

 

[red222]

Coliseum needs to have a resident statistician. Cats really struggle trying to determine 1% of something

struggle math

 

[Da King]

What happens when they eventually fire Kidd?


He going to keep his share?

 

[yoyoyo1]

So it's not 4 million, its actually 400,000? more embarrassing than I thought, even moreso with that lyric posted

 

[Reality]

only $400k? im a Jay stan but dude's a clown if that's all he really owned. I assumed it was somewhere in the 1% area, but .067%?

 

[AVXL]

@ Jason Kidd's BAC level being higher than his ownership in the team

Hov playin chess not checkers out here

 

[jadillac]

Hilarious how Jay's stake amount still bothers people

Bottom line: Jay got wayyyyyyyyyyy more than his initial investment ($350k?) out of that partnership and was still able to divest, likely for a premium.

Y'all attempts at at trying to spin that into an L are silly.

Yeah, just the perception of him in the business world benefited greatly from that venture.

Not to mention he's probably got a stake in the Barclay Center too that will still pay him. For the amount he spent, he definitely won. One of his cars cost him more than he spent on the Nets ownership.

only $400k? im a Jay stan but dude's a clown if that's all he really owned. I assumed it was somewhere in the 1% area, but .067%?

Gotta round up.

 

[So-Chi]

"One percent of a billion is more than nikkas ever seen, STILL they wanna act like its an everyday thing."

 

[NYC Rebel]

Jay Z was nothing more than a "keep the natives appeased and happy while we overpromise and try to get this gentrification model up and running" face.

 

[Tony D'Amato]

Magic dont own as much of the Dodgers as people think. Same situation. A public face to get local support. Jay probably had a salary, and swason tickets are also valuable.

Lowkey, Magic has made half a bili just being a public face. Thats his business, just being a smiling face for bigger corporations. Trump does the same sh1t in a way. Their business acumen are kinda overrated imo.

 

[ghostwriterx]

for accuracy's sake...the Nets are barely worth $500MM...not a billion.

The Sacramento Kings just sold for $535.

 

[pete clemenza]

Magic dont own as much of the Dodgers as people think. Same situation. A public face to get local support. Jay probably had a salary, and swason tickets are also valuable.

Lowkey, Magic has made half a bili just being a public face. Thats his business, just being a smiling face for bigger corporations. Trump does the same sh1t in a way. Their business acumen are kinda overrated imo.

Magic has at least 5% of the Dodgers and he fully knows the role for the organization. I thought Jay had at least 5% of the Nets the way he was braggin' in his rhymes and shyt.

 

[NYC Rebel]

Magic has at least 5% of the Dodgers and he fully knows the role for the organization. I thought Jay had at least 5% of the Nets the way he was braggin' in his rhymes and shyt.

He was just a face to push the project to the locals that were protesting it. It was so obvious and see through.

 

[mastermind]

Lowkey, Magic has made half a bili just being a public face. Thats his business, just being a smiling face for bigger corporations. Trump does the same sh1t in a way. Their business acumen are kinda overrated imo.

there is nothing lowkey about it.

everyone knows this?

 

[Hiphoplives4eva]

Did they ever built housing for those people in brooklyn?