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August 17, 2012
Jay-Z Only Owns 0.0666% Of The Brooklyn Nets
AverageBro.com
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I know a damn Grand Hu$tle when I see one, and when Jay-Z just so happened to be named an "owner" of the New Jersey Nets a few years back, my Negro Antennae went up. Not because I doubted the JiggaMan's business acumen, but because the timing of the announcement and the team's plans to seize the property of poor folks to build an arena in Brooklyn just seemed waaay to coincidental.
We've all seen the blueprint (no pun intended) before. Put a smiley, familiar face on the front of a ruthless corporation to make a not-so-popular decision a bit more palatable. Jay-Z was this face, a Brooklyn Boy done good. People would maybe feel a bit better about being homeless if one of their own was somehow profiting as a result. The Atlantic Yards project faced years of legal wrangling, but the arena is finally complete and the Nets will play their first games there in a few weeks. I'll certainly strategically plan a customer visit to NYC sometime this Winter to check the place out myself.
Good times. Unless, of course, you were displaced. Not so good times.
Anyways, given how much he brags about "owning the team" in nearly every one of his raps, I've always wondered just how much "ownership" Hov actually has. Turns out, he owns about as much of the Nets as I own Sirius XM radio.
Which is to say, not very much.
Posted by eric at August 17, 2012 10:04 AM