Jay-Z looking to divest ownership share of Nets

[GetSomeMoney]

I think Jay wanted the bigger picture, which is Barclays Center. Granted, he has a small ownership in that, but like this Forbes article said -



If I was thinking like Jay, I'd want to invest more equity into the arena itself. He already has stores & clubs in the arena itself. So he'd see a portion of that revenue. Then possibly other sporting events, NCAA events, etc, he could get a portion of that. Also with concerts, using his music connects, he can try to pull artists to perform shows at Barclays, gets a portion of that too.

I think he just wanted to bring an arena to Brooklyn more than anything, he just had to invest in the team & be the central figure into making it happen.



Keep investing more into the arena, that's what I'd do & I think Jay is doing just that

Good points, my only thing was he doesn't own much of anything with the Nets, the team or the arena, the 40/40 club is his big deal in the arena. Pretty much all of his moves come through Roc Nation. He got something out of the Brooklyn Nets situation but I believe the deal was a disappointment to him because I think he had bigger aspirations, especially when he had the old ownership in place. I'm not even sure owning the stores and restaurant in the arena is a great move considering the expenses involved with running them. Again Roc Nation is his bread and butter, the Nets stuff was very minor.

 

[Marciano]

Good points, my only thing was he doesn't own much of anything with the Nets, the team or the arena, the 40/40 club is his big deal in the arena. Pretty much all of his moves come through Roc Nation. He got something out of the Brooklyn Nets situation but I believe the deal was a disappointment to him because I think he had bigger aspirations, especially when he had the old ownership in place. I'm not even sure owning the stores and restaurant in the arena is a great move considering the expenses involved with running them. Again Roc Nation is his bread and butter, the Nets stuff was very minor.

I see what you mean, I'm just trying to picture how I'd make the moves if I was in his position right now.

Let's throw out some numbers out there. According to Forbes, that 1.5% of the $530 million team he had at one point was around $8 million. It got dwindled to about $400K, which left him with about $7.6 million into equity that he could use to purchase more stake into the arena itself. Now, $7.6 million isn't nothing to an arena worth a billion dollars. But if he has that, plus the Rocawear store, 40/40 club, luxury suite & whatever else - he's going to see a piece of that revenue. The Nets play there now, the hockey team will be out there in 2015.

If he's constantly reinvesting equity back into arena, he can possibly see a nice profit year in, year out. From sporting events, conventions, concerts, etc. An article somebody posted about Ratner & the arena said that Ratner isn't even a basketball fan, he's a real estate developer. And the article broke down the numbers of what the arena could pull yearly & Ratner said it still had room to grow.

So, IMO, I'd want that equity in the arena itself more than the Nets. Add the partnership with CAA & Roc Nation Sports, I mean if one is into business, you'd have to give him props for a diversified portfolio that's still growing.

 

[Danie84]

So, basically he threw the Nets in the bushes

All that talk about being the face of a Brooklyn sport team, right Jigga

 

[MIAlien]

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 City’s 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.

Oh, I get it. I didn't shyt on Jay-Z, troll the thread, or fill it with gossiping bullshyt, so I'm a "stan". You filled the thread with endless speculation about how much $ Jay-Z made, why his club was renovated, his motives for the making the move, and even whether or not he was disappointed in the deal. Who's the stan again?

Keep up the good work though.

 

[GetSomeMoney]

Oh, I get it. I didn't shyt on Jay-Z, troll the thread, or fill it with gossiping bullshyt, so I'm a "stan". You filled the thread with endless speculation about how much $ Jay-Z made, why his club was renovated, his motives for the making the move, and even whether or not he was disappointed in the deal. Who's the stan again?

Keep up the good work though.

speculation...

Read

I only engage in intelligent debates, @Marciano and I already had an intelligent discussion, you aren't smart enough.

 

[FrostBite]

@ Rembert Browne's breakdown of how Jay's share will be split.

Jay-Z Begins Sale of Nets Shares, Will Likely Forget About the $350,000 They Bring - The Triangle Blog - Grantland

 

[MIAlien]

I don't really know what he earned out of the deal.

he just made a bad deal in this case (which is why he is very eager to sell his part).

And the New York club had many violations so was forced to go through a 10 Million dollars re-launch

I believe the deal was a disappointment to him because I think he had bigger aspirations.

I'm not even sure owning the stores and restaurant in the arena is a great move considering the expenses involved with running them.

speculation...

There's your speculation. Smarten up.

 

[G.O.A.T Squad Spokesman]

[ame]https://twitter.com/russbengtson/status/322103198032732160[/ame]


If that ain't the definition of a figurehead I don't know what is.