It must be hard being Jay Z these days. The “Brooklyn Go Hard” rapper is struggling to stay relevant while his wife, Beyonce, hogs the spotlight.
Today’s headlines are about Jay Z selling his paltry percentage of the Brooklyn Nets so he can concentrate on his sports management company, Roc Nation Sports.
Last week Roc Nation Sports announced it had signed NY Yankees slugger Robinson Cano (pictured above) as its first client. Rumor has it that Jay Z, real name Shawn Carter, 45, has his eye on several NBA players whom he plans to add to his client list. That would put him in direct conflict with the NBA.
His solution is to sell off his absurdly small 0.067% (1/15th of a percent) of the Nets. According to ESPN’s Darren Rovell, Jay Z’s stake in the Nets is only worth about $350,000 — hardly worthy of the headlines this story is generating.
Jay Z was instrumental in promoting the former New Jersey NETS move to Brooklyn. In return for his star power, the Nets and Barclays Center owner gave Jay Z the tiniest sliver of team ownership, which Jigga attempted to parlay into a fake image that he was a full-blown team owner.
In an excellent article titled JAY-Z BARELY OWNS THE NETS AND THAT BARELY MATTERS, Vice.com exposed Jay Z as a fraud who “barely” owns the Nets.
Jay Z responded to the backlash by referring to his minuscule percentage of the Nets as no big deal. But deep down inside, his narcissistic ego was bruised. It wasn’t long before Jay Z came up with the idea of owning his own players — since his money wasn’t long enough to own a team.
“Because of my love of sports, it was a natural progression to form a company where we can help top athletes in various sports the same way we have been helping artists in the music industry for years,” Jay-Z said.