News

Jay Z sells his stake in Brooklyn Nets

Jay Z sells his stake in Brooklyn Nets

Entertainer and Brooklyn Nets minority owner Jay-Z and his wife, entertainer Beyonce, watch an NBA basketball game between the Nets and the New York Knicks at Barclays Center, Monday, Nov. 26, 2012, in New York. The Nets won 96-89 in overtime. Photo: Associated Press/Kathy Willens

Rapper Jay Z is selling his stake in basketball team Brooklyn Nets to coach Jason Kidd.

The 99 Problems hitmaker, who was introduced to the team in 2003, will be signing off his 0.67 per cent ownership to Kidd for around $500,000, according to New York Post gossip column Page Six.

The star, real name Shawn Carter, has been forced to sell his stake over a conflict of interest after he formed his own sports agency, Roc Nation Sport, earlier this year.

A source says, “Other owners want to give Jason a part ownership of the team, and urged Jay to sell his shares to him.”

Recent Headlines

in Entertainment, National

Stars join protests over passing of Indiana’s Religious Freedom law

Fresh
George Takei poses for a portrait at Quaker Good Energy Lodge with GenArt and the Collective , during the Sundance Film Festival, on Saturday, Jan. 18, 2014 in Park City, Utah.

Celebrities call for an Indiana boycott after the passing of a controversial law that could lead to discrimination against gay couples.

in Entertainment

REVIEW: ‘It Follows’ is the best American horror film in a decade

In this image released by Brigade Marketing, actress Maika Monroe appears in a scene of It Follows, directed by David Robert Mitchell. “It Follows,” has been arguably the buzziest American film at Cannes next to Bennett Miller’s wrestling drama “Foxcatcher,” which boasts a far more famous cast and a major premiere at the Palais des Festival.

"It Follows" is a horror movie worthy of classic comparisons.

in Trending, Viral Videos

TODAY’S MUST SEE: Billy Zane mistakenly thanks One Direction fans for support

Billy Zane arrives at the Global Green USA's 12th Annual Pre-Oscar Party at the Avalon Hollywood on Wednesday, Feb. 18, 2015, in Los Angeles.

Actor Billy Zane pokes fun at the fact he shares a similar name to former One Direction member Zayn Malik in a new video.

in Entertainment

Craig T. Nelson bringing ‘Coach’ back to TV

Former Dallas Cowboys coach Jimmy Johnson, left, and actor Craig T. Nelson share a moment with Quincy the dog on the set of the television show "Coach", Feb. 10, 1995, in Universal City, Calif. Johnson will appear as himself in an episode in which Quincy ends up swallowing Johnson's Super Bowl ring.

Craig T. Nelson has signed on to revive his hit TV sitcom "Coach" for a new sequel series on NBC.

in Entertainment

Kate Upton, Lea Michelle to play best pals in new comedy

Kate Upton arrives at the 2015 Vanity Fair Oscar Party on Sunday, Feb. 22, 2015, in Beverly Hills, Calif.

Kate Upton and Lea Michele have teamed up for a new William H. Macy comedy called "The Layover."