So Jay Z only owns 1/15th of 1% of the Nets

[Roid Jones]

Jay: Come and play for my team

Free agent player: 'your team?!

Jay:

 

[L&HH]

Before this story you thought he actually had input into personnel decisions?

Hell nah I knew he couldnt do shyt. I was already aware that Jay's ownership was less than 1% but to the general public they probably think he owns a decent share.

 

[Erdos]

Y'all already know how most rappers exaggerate shyt anyways.

But it kinda makes that Kanye "drop you from the team" line directed at Humphries sound dumb as hell.

I was just gonna post the exact same thing.

 

[posterchild336]

Y'all already know how most rappers exaggerate shyt anyways.

But it kinda makes that Kanye "drop you from the team" line directed at Humphries sound dumb as hell.

just like when he said HE brought the team to Brooklyn

 

[bertyr]

He basically paid them to be a celebrity endorser so he can call himself an owner, but when u got so much money already what's the ego boost from that? Is he getting a cut on the side or something?

 

[HiphopRelated]

He basically paid them to be a celebrity endorser so he can call himself an owner, but when u got so much money already what's the ego boost from that? Is he getting a cut on the side or something?

As much as his partners, including Mikhail D. Prokhorov, the Russian billionaire who bought 80 percent of the team in 2009, are getting out of him, Jay-Z, whose real name is Shawn Carter, is benefiting handsomely, too, beginning with free use of one of 11 exclusive “Vault” suites, for which paying customers are charged $550,000 a year.

Suite owners will have access to a Champagne bar serving Armand de Brignac, an expensive bubbly that Mr. Carter promotes and in which he holds a financial interest, according to a biography by a writer for Forbes. The arena will contain a 40/40 Club, an iteration of his sports-bar-style nightclub chain. There will be a Rocawear store, selling his clothing line, on the arena’s exterior. Even the advertising agency used by the Nets, Translation, is half-owned by Mr. Carter.

There is also an important intangible asset, particularly for a rapper: the bragging rights that Mr. Carter has enjoyed as a part-owner since Mr. Ratner’s group paid $300 million to acquire the Nets. His slender stake was enough for Mr. Carter to thump his chest in his lyrics, promising to “bring you some Nets.”

Mr. Carter has capitalized further on his Nets investment by extending the Jay-Z brand into endorsement deals normally reserved for elite athletes. He stars, wearing a Nets cap, in a Budweiser TV commercial that was broadcast during the Olympic Games. And he was named executive producer of the basketball video game, “NBA 2K13.”

All told, he has achieved a remarkable feat of leverage with his tiny sliver of the team

http://www.nytimes.com/2012/08/16/n...ebrity-investors-playbook.html?pagewanted=all

 

[L&HH]

As much as his partners, including Mikhail D. Prokhorov, the Russian billionaire who bought 80 percent of the team in 2009, are getting out of him, Jay-Z, whose real name is Shawn Carter, is benefiting handsomely, too, beginning with free use of one of 11 exclusive “Vault” suites, for which paying customers are charged $550,000 a year.

Suite owners will have access to a Champagne bar serving Armand de Brignac, an expensive bubbly that Mr. Carter promotes and in which he holds a financial interest, according to a biography by a writer for Forbes. The arena will contain a 40/40 Club, an iteration of his sports-bar-style nightclub chain. There will be a Rocawear store, selling his clothing line, on the arena’s exterior. Even the advertising agency used by the Nets, Translation, is half-owned by Mr. Carter.

There is also an important intangible asset, particularly for a rapper: the bragging rights that Mr. Carter has enjoyed as a part-owner since Mr. Ratner’s group paid $300 million to acquire the Nets. His slender stake was enough for Mr. Carter to thump his chest in his lyrics, promising to “bring you some Nets.”

Mr. Carter has capitalized further on his Nets investment by extending the Jay-Z brand into endorsement deals normally reserved for elite athletes. He stars, wearing a Nets cap, in a Budweiser TV commercial that was broadcast during the Olympic Games. And he was named executive producer of the basketball video game, “NBA 2K13.”

All told, he has achieved a remarkable feat of leverage with his tiny sliver of the team

http://www.nytimes.com/2012/08/16/n...ebrity-investors-playbook.html?pagewanted=all

Props. Imo it's easy to see that Jay benefitted heavily from this venture. I mean just having the abilit to say you own the Nets does alot for his image as a businessman, icon, and trendsetter. It bolsters the Jay-z brand. Think about all the other celebrities who own small stakes in sports franchises but nobody even really knows for example Nelly owns stake in the Bobcats, I think Serena Williams is one of many celebs who has a stake in the Dolphins.

 

[bertyr]

that article is framing it like the Jayz brand is benefiting from it which he is, but what Jay Z is doing for the nets is so much more valuable than what he gets back. He gave the Nets the cred of his brand for marketing for years now when the team was a joke franchise and all he's gettin back is playing boss in a suite and executive producing 2k3? He already had "boss" cred before the nets so that isn't some step like a Young Jeezy landing the title "executive" of A&R

 

[Killer Instinct]

Before this story you thought he actually had input into personnel decisions?

 

[Fredrick Thuglas]

$200k?

There's enough of us on TheColi to match that. Lets buy a team brehs!

we will have to empty our bank accounts to own 1/150 of 1% of a team...

 

[Lucky_Lefty]

He has significant importance to the team

He counseled arena executives on what kind of music to play during games. (“Less Jersey,” he urged, pushing niche artists like Santigold over old favorites like Bon Jovi.)

HE IMPLEMENTS SECURITY PROTOCOLS

He even coached them on how to screen patrons for weapons without appearing too heavy-handed. (“Be mindful,” he advised oracularly, “and be sensitive.”)

We know he’s been somehow involved in recruiting all the free agents the Nets have missed out on signing and that he helped Deron Williams find a cool place to live in order to retain the team’s point guard.

So realtor, DJ assistant and security guard...Jay's

 

[23Barrettcity]

He has significant importance to the team






So realtor, DJ assistant and security guard...Jay's

To be real it's more of a win than any of us But for all he does he couldn't get more percentage ?

 

[Lucky_Lefty]

To be real it's more of a win than any of us But for all he does he couldn't get more percentage ?

True, it's a win but the embellishments of his true value is hilarious

 

[jackswstd]

So how was Kanye gon get Jay to drop Humphries from the team?

 

[Teko]

1/15 of 1% sounds like a number someone made up on the fly. The only thing we will know for certain regarding his ownership is that its a minority stake, beyond that they are just speculating. Anyway, good to see that he didn't put in a lot cash into something like this because these things don't really make a lot of profit. They only enhance an owner's status but beyond that they aren't great investments.