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

[kingofnyc]

Im Gonna Sound Like A Hater Just Cause Im A Knicks Fan But The Nets Look Like Clowns

So Now Their Drunk Driving Coach Has Ownership In The Team? Is He Above The GM? Can He Still Be Fired? How's That Work?

When It Comes Time To Sell Is Jason Kidd Gonna Sell His Piece To The Excited Fat Kid In the Infamous Nets Gif?

Or Maybe Kenny Anderson

What A Joke..

yeah man... im extremely upset on this whole path they followed

• from trading the 6th pick for bum azz gerald wallace
• then all our expiring contract for the worst contract in the league joe johnson
• to giving up on dwight
• firing avery & pj then hiring a drunk who was just on the team who they want to rival against
• to trading for 3 nikkaz my age -who all are finished
• now this... giving the HC part ownership

with all this fukkery ....these nikkaz should have just stayed in jersey & irrelevant

 

[BlakeSuperior]

Rovell said 67% of 1%. According to Forbes, that comes out to about 3.5 million. Thats sounds about right for Jay.

.067 is like 33 million.

 

[ThaBronxBully]

yeah man... im extremely upset on this whole path they followed

• from trading the 6th pick for bum azz gerald wallace
• then all our expiring contract for the worst contract in the league joe johnson
• to giving up on dwight
• firing avery & pj then hiring a drunk who was just on the team who they want to rival against
• to trading for 3 nikkaz m age -who all are finished
• now this... giving the HC part ownership

with all this fukkery ....these nikkaz should have just stayed in jersey & irrelevant

This Is Professional New York Basketball, There's No Room For Competence

 

[mastermind]

With that, you can feed a whole starving nation

his presence in said starving nation is feeding them.

 

[I.AM.PIFF]

Jason Kidd owns the team now

 

[King Poetic]

jay stock was valued at 350,000 dollars so selling to kid isnt a bad thing..

jay probably got his hands in so many other adventures giving up the nets isnt a lost for him

 

[BruhMayne]

Rovell said 67% of 1%. According to Forbes, that comes out to about 3.5 million. Thats sounds about right for Jay.

.067 is like 33 million.

Nah bruh you off by one decimal. He got 1/15 of 1%.

1% of 530M = 5.3M

5.3M divided by 15 = 353,333

Still more than I've ever seen

 

[unit321]

Pardon my French, but did any of you retards read the article.

From the article, ...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....
...Russian billionaire Mikhail Prokhorov bought 80 percent ownership of the team in 2009 and appeared on billboards with Jay...

It's all business. For profit. Back-scratching.
If Jay Z really wanted a 100% ownership of a sports team, he would need to dial down his aspirations to like a double-A baseball team, smaller NASCAR racing team, semi-pro hockey team, arena football league team, or something that is in a more feasible price range. But to him, that's just throwing away money.
Jay Z is not an idiot and if he backs out of a business venture in lieu of another interest, that's his business.

 

[R.E.N. Spells Ren]

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.

 

[ThaBronxBully]

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.

Its Not An L But He Was Acting Like He Was Mark Cuban, So People Were Just Like, Wait...Hold Up

 

[Amare's Right Hook]

he picked their colors, logo and made them move to Brooklyn. Sounds like an owner to me

You believe that ?

 

[Jax]

Jay overselling the shyt out of 1/15th of a percent
The Kings we're valued @ 400M!!
How this nikka sellling 1/15th of a percent for half a mill
That's valuing the team @ 750M

 

[Tunez]

Shout out to Jason Kidd tho

 

[No1]

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.

The crazy thing about it is everything that is angering these people is he never said any of the things he's being accused of

 

[R.E.N. Spells Ren]

Its Not An L But He Was Acting Like He Was Mark Cuban, So People Were Just Like, Wait...Hold Up

So he was "acting like he was Mark Cuban" whilst every major news outlet was reporting that Ratner was the "Mark Cuban" of the Nets?

Nah, Jay was just bragging as usual, and nikkas got their feelings hurt so when his actual percentage was made public they felt vindicated.