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, Weird

New Jersey Christmas tree controlled by tweets

Fresh
treetweet

Twitter users anywhere in the world can control the lights on this holiday display.

in Entertainment

Leaked Sony emails reveal Idris Elba in line for ‘Bond’

idriselba

A leaked Sony email named British actor Idris Elba as the frontrunner to replace Daniel Craig as James Bond.

in Entertainment

Sarah Jessica Parker eyes return to small screen

sarahjessicaparker

The "Sex and the City" star could be heading back to HBO.

in Entertainment, National

Obama: Sony hack not an act of war

interview

President Barack Obama says the massive hacking was not an act of war but instead was cyber-vandalism.

in Viral Videos

One-man band entertains Seattle airport passengers

23-overlay2

This guy will brighten the day of even the most beleaguered traveler.