Jay-Z will officially give up his share as partial owner of the Brooklyn Nets, as it is a mandatory step to become an NBA agent. After signing Yankees player Robinson Cano to Roc Nation Sports, the rapper is looking to expand the agency.
According to Yahoo! Sports:
Entertainment mogul and rapper Jay-Z has started the process of divesting his small share of ownership with the Brooklyn Nets to extend his Roc Nation Sports representation business into basketball, sources told Yahoo! Sports.
Jay-Z – whose real name is Shawn Carter – owns less than 1 percent of the Nets, but has been a central public figure in the franchise’s marketing and move from New Jersey to Brooklyn.