Jay-Z looking to divest ownership share of Nets
- Thread starter Brady-Carter
- Start date
tremonthustler1
aka bx_representer
I heard that's not even a do-rag. That's that Diamond Dallas Page wrestling bandage he used to put around his chest
He put in 1 Million, his portion now is worth 350K, thats close to losing 2/3rds of his money on the investment. I'm not sure what he got out of the deal, maybe some good business relations, I don't really know what he earned out of the deal.
Jay-z has made money, no doubt, but when you put in 1 Million and get back 350K at the end of the deal, that's not a good investment, call it what it is, no hate, it's good to see him getting money (or any black man) but he just made a bad deal in this case (which is why he is very eager to sell his part).
N*IT*2*WIN*IT
^^^Motorboat Material!^^^
Who the fukk is that in your avy?
Esther Baxter
He got way more out of the deal than the $ he gets back for his shares of the team. He had like 10 straight concerts at Barclays and opened a 40/40 Club there. And those are just the things we know he got paid for. Who knows what else he got money for. On top of that, he was able to add to his legacy and build his brand up as an owner of an NBA team. You're wrong about why he's selling too. He's doing it so he can sign NBA players to the Sports Management wing of his Roc Nation company.
Jay is still paying for those 92 bricks that he lost so I wouldn't say that 350k is nothing to him.
King P
Legends Never Die
It's baffling how many people are so misinformed. What he's doing is no different to the Kroenke family in Denver. Stan Kroenke sold the Nuggets to his son, Josh so he can buy the Rams in the NFL. Stan still has 100% input into Denver but he simply cannot officially own the franchise while he owns the Rams.
Jay-Z will still have the same role but he simply will not have shares in the te am. The logic that all of a sudden, Jay is walking away and will never be apart of the Nets again is just hilarious.
Especially when he still keeps stake in Barclays. He put his pride on the line to make the brand work despite the NBA not being in favor or Black/White.
Why would Jay walk away from the 4th most popular merchandised team in the league? He took business venture over his stake. If he could, I’m sure he would love to get it back. It’s not even out of the question, he could sell it to Beyonce and keep the investment going now that there is profitability coming out of it.
Jay-Z will still have the same role but he simply will not have shares in the te am. The logic that all of a sudden, Jay is walking away and will never be apart of the Nets again is just hilarious.
Especially when he still keeps stake in Barclays. He put his pride on the line to make the brand work despite the NBA not being in favor or Black/White.
Why would Jay walk away from the 4th most popular merchandised team in the league? He took business venture over his stake. If he could, I’m sure he would love to get it back. It’s not even out of the question, he could sell it to Beyonce and keep the investment going now that there is profitability coming out of it.
SmoothOperator88
Your friendly neighborhood coli poster
Fixed. If it was 0.67% the Nets total franchise value would be 52.5 mil. Which we all know isn't true.
Jay has great vision, and is always grinding. 
prophecypro
Hollywood North
This is probably a better deal for him but way more risky in the long run.
I wonder who he'll try to sign? Probably just try splash at the usual AAU blue chippers and go name for name.
I wonder who he'll try to sign? Probably just try splash at the usual AAU blue chippers and go name for name.
You're wrong about why he's selling too. He's doing it so he can sign NBA players to the Sports Management wing of his Roc Nation company.
If you checked my post earlier, I said a positive was he was able to get a 40/40 club in the Barclays. Jayz was playing concerts at Madison Square Garden, he didn't need to be an "owner" to get concerts, he's concerts are more to do with Roc Nation. If he was making so much money being an "owner" with the Nets why sell your portion at a loss?? to take on the risk of being an agent? Why not just stick to being an agent with MLB and the NFL and keep your portion with the Nets? Check out more of your basketball economics with being an NBA owner, it's not as profitable as you would think and owning a 40/40 club is not as profitable as you would think either
Atlantic Citys 40/40 Club Closed Because of Financial Disarray, Not Sandy -- Grub Street Philadelphia
And the New York club had many violations so was forced to go through a 10 Million dollars re-launch
You Jayz stans act like this niggga never loses in life, stop it. There was no "brand building" with being the owner of the nets.
Added to his legacy....
Most of his stuff comes from the Roc Nation deal.
He put in 1 Million dollar and came out with 350K
As Mark Cuban said the money in owning a NBA franchise comes from the appreciation of the value of the franchise, not the year to year operations.
GMOGMediaTV
GMOGMedia.tv
I wonder if this nikka is gonna pull a Dr Dre and no longer work on any albums if his new venture starts bringing in huge revenue.