Jay-Z to Sell Nets to Expand Sports Rep Business

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Rapper/producer Jay-Z owns a portion of the Brooklyn Nets. However, Jay-Z this year launched a new sports representation venture called Roc Nation Sports. This could become a conflict of intrest if the rapper were to ever represent NBA players.

Yahoo Sports is reporting that Jay-Z is now looking to sell off his share of the Nets to expand Roc Nation into representing basketball players. The NBA Players Association requires that certified agents not be owners of any NBA team.

Jay-Z founded Roc Nation in early April, and he is rumored to be planning on becoming a certified sports agent. The agency has already signed New York Yankees second baseman Robinson Canó.

The report cites unnamed sources as saying Jay-Z’s sell-off should be complete in time for Roc Nation to sign players in the NBA draft this June. The sources also mentioned that other sports agents are becoming “anxious,” believing that Jay-Z’s fame and marketing resources could lue players to Roc Nation.

(Image courtesy Mikamote/Wikimedia Commons)

Jay-Z to Sell Nets to Expand Sports Rep Business
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  • http://whoisthebestrapper.com/ Chris

    It’s crazy to think that Jay-Z is actually this far into the business scene now. I guess it was only time until he was going to get his hands on some NBA players haha. I’m surprised they’re going to be doing new players upcoming in the draft too. Kind of excited to see where this goes from here and how well Jay-z does at it.

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