Jay-Z Reportedly Selling His Shares in the Brooklyn Nets to Become a Sports Agent

Posted: April 9, 2013 in Gist

Jay-Z is reportedly selling his shares in the Brooklyn Nets in order to clear the way for Roc Nation to begin representing athletes, according to Yahoo! Sports.

Jay already only owned less than 1 percent of the team, but was heavily involved in both marketing and the team’s move from New Jersey to Brooklyn. NBA rules require that, in order to represent athletes, agents can’t have a stake in the ownership of NBA teams. 

Yahoo! also reports that Roc Nation recently joined with Creative Artists Agency (CAA) to launch a sports representation business, and that they “recently secured New York Yankees star Robinson Cano.”

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