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Jay-Z Speaks: "My Job As An Owner Is Over...But I'll Always Be A Brooklyn Net!"

 photo jay-z-brooklyn-nets-4-jersey-autographed-00_zps7b41163f.jpg

Jay-Z has spoken out for the first time about selling his ownership stake in the Brooklyn Nets.  Check out the explanation straight from the horse's mouth inside...

As previously reported, Shawn "Jay-Z" Carter will relinquish his ownership in the NBA Brooklyn Nets franchise in order to embark on his new venture of Roc Nation Sports.

The TIME Magazine Most Influential 100 People In The World cover guy took to his own Life+Times website this morning to give people his own explanation.  And to re-confirm his love for BK.  Check out his statement in full below:

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.  

Hov may have officially left the building...but you'll probably be seeing his and everybody else's diamonds up courtside during the playfoffs....



I came, I saw, I

I came, I saw, I conquered...Encore Jayz and Linkin Park. Thats exactly what he did and guess what I betcha he still gets courtside seats for free! and I also betcha every artist on RocNation who has a concert at that Barclay Center - Jay gets a cutback on those fees too. The man is a Hustler from Brooklyn through and through he just no longer doing it on the streets, he's doing it in boardrooms! I ain't mad get it Jay...
speaking of's picture

you mean a drug dealer from

you mean a drug dealer from Brooklyn
lola69's picture

you people praise this

you people praise this communist so much that he is on the cover of Time. He has not done anything to give back to black community,or people addicted to the drugs he sold.
lola69's picture

It was all about the money

It was all about the money anyway. As if his heart and soul was ever into the Brooklyn Nets.

We ain't mad at u Hov, keep

We ain't mad at u Hov, keep getting to the money. You guys should checkout thegrandreport, they usually have some good reads as well
V's picture

350k investestment & tean

350k investestment & tean mascot for the Russian Billionaire!¦¦ LMAO
Jesus H. Christ's picture

"My job as an owner is

"My job as an owner is over"?.................When did it start?
Ms.Thangfromthe5thflr's picture



Hahaha....he has a below.500

Hahaha....he has a below.500 credit score... and Bey-Z put his ass back to work after selling his 350k stake in bball......350!!!!!!!!!!
Jesus H. Christ's picture

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