Jay-Z Sells Off Ownership Stake In Brooklyn Nets :::: #NBA

Jay-Z - Brooklyn Nets

To pursue a career in sports management, via Roc Nation Sports, Jay-Z had to give up his ownership stake in NBA franchise, the Brooklyn Nets... and that's what he's done.
In a letter posted on his Life+Times website, the hip-hop mogul confirmed that he has sold his ownership stake in the sports team ... but says he remains a Nets fan.
"It was never about an investment; it was about the NETS and Brooklyn. My job as an owner is over but as a fan it has just begun," Jay wrote, who still plans to attend the games. "For Roc Nation Sports to function at its full potential, NBA rules stipulate that I relinquish my ownership in the Brooklyn Nets," he continued.
Below is the letter in its entirety:
Being a member of the Nets organization surpassed some of my greatest ambitions. It was never about an investment; it was about the NETS and Brooklyn. My job as an owner is over but as a fan it has just begun. I’m a Brooklyn Net forever. It’s been an honor to work with Mikhail Prokhorov, Dmitry Razumov, Christophe Charlier, ONEXIM Sports and Entertainment, Brett Yormark and all the wonderful people involved in making the Nets first class. My sincerest thanks goes to Bruce Ratner, who first introduced the idea of moving the Nets to Brooklyn. A thank you and deepest appreciation goes to the fans. You are the lifeblood of any team.
The Nets have made their mark on the NBA and as they enter a new era, Roc Nation does as well; as we embark on Roc Nation Sports. Our newest endeavor is committed to building the brands of professional athletes as we have done for some of today’s top music artists. For Roc Nation Sports to function at its full potential, NBA rules stipulate that I relinquish my ownership in the Brooklyn Nets. It was a tough decision but as I stated earlier, it’s not about ownership. Congratulations to The Nets on a great season and making the playoffs! I will always be a Brooklyn Net.

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