hollywood-news

Jay-Z 'sells Brooklyn Nets stake to Jason Kidd'

New York, Sept. 5 : Rapper Jay-Z has reportedly sold his portion of minority ownership in the Brooklyn Nets to head coach Jason Kidd.


According to the New York Post, Kidd will take over the singer's .067 percent stake in the team for about 500,000 dollars.

The publication's report claimed that the music mogul was forced to sell his shares over a clash of interest after he started a sports agency, 'Roc Nation', whose client list includes Yankee Robinson Cano and Oklahoma City star Kevin Durant.

A source told the publication that other owners wanted to give Kidd a part ownership of the team, and urged Jay to sell his shares to him.

Another report had previously revealed that Jay-Z had helped design the team logos and choose the Nets' stark black-and-white color scheme, and personally appealed to NBA officials to drop their objections to it.

--ANI (Posted on 05-09-2013)

hollywood-news headlines

Hollywood movie 'Son of God' premieres in India

I've never googled myself: Johnny Depp

Miley Cyrus remains hospitalised, cancels another show

Sandra Bullock house hunting in Britain?

Justin Bieber trying to change for good

Brad Pitt invites fans to Make It Right fest

Hamilton's tactical team switch proving correct

Channing Tatum likely to act in 'X-Men'

Mick Jagger to sue L'Wren Scott's sister?

Giselle Fernandez files for legal separation

Courtney Love: My art friends influenced Gaga's 'Artpop'

Victoria Beckham's sports car up for sale online

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014

Comments

Your e-mail:


Your Full Name:


Type verification image:
verification image, type it in the box

Message:

Back to Top