What?!!!! Brooklyn Nets Owner Decreases Jay-Z's Shares In Team!



BHR HollyWood Reports Jay-Z's ownership stake of the Brooklyn Nets is not as big as some folk may have been led to believe.

According to the New York Times, the Roc Nation boss' stake is a miniscule one-fifteenth of one percent of the team.

Although Jay-Z has become more or less the official public face of the Brooklyn Nets and has invested $1 million in club, his tiny ownership stake only nets him $200K.

However, don't let that fool you into thinking Jigga isn't winning; he is a husler from the streets after all, and he's taken that mentality straight into the boardroom.

What the music mogul lacks as a stakeholder he makes up for in multiple lucrative ventures.

The music mogul has access to free use of one of the arena's 11 exclusive "Vault" suites, which paying customers are charged $550K a year.

As well as the expensive bubbly, Armand de Brignac - which Jay-Z promotes and holds a financial interest in - being sold in the suite's champagne bars.

The Roc Nation boss will also have his Rocawear store, selling his clothing line, located outside the arena, and the Net's advertising agency, Translation, is half-owned by Mr. Carter  I'm Big Blac this is your BHR HollyWood Report

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