Jay-Z to Sell Nets to Expand Sports Rep Business
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)