11 Updates
Jay-Z to sell stake in Brooklyn Nets

Jay-Z to sell stake in Brooklyn Nets

Sep 4 2013, 5:42am CDT | by Bang Showbiz

Jay Z is selling his stake in the Brooklyn Nets basketball team for $500,000. The rap superstar has a minority share in the club - estimated to be .067 per cent - which he has decided to sell to...

Filed under: news

YouTube Videos

 
 
 

1 year ago

Jay-Z to sell stake in Brooklyn Nets

Sep 4 2013, 5:42am CDT | by Bang Showbiz

Jay Z is selling his stake in the Brooklyn Nets basketball team for $500,000.

The rap superstar has a minority share in the club - estimated to be .067 per cent - which he has decided to sell to coach Jason Kidd, according to the New York Post newspaper.

Jay had to get rid of his share after starting his own sports agency, Roc Nation, which began signing up players such as New York Yankees baseball star Robinson Cano and Oklahoma City basketball player Kevin Durant, leading to his two business ventures being deemed a conflict of interests.

A source said: "Other owners want to give Jason a part ownership of the team, and urged Jay to sell his shares to him."

The 'Holy Grail' rapper first got involved with the Nets - previously known as the New Jersey Nets - in 2003 after Drew Katz, the son of one of the Nets' principal owners, introduced him to the board on the advice of Kidd.

Although Jay has a small share he was heavily involved in the running of the club and even helped design the team logos and choose the Nets' stark black-and-white colour scheme, which had initially been objected to by the NBA.

Russian billionaire Mikhail Prokhorov bought 80 per cent ownership of the team in 2009 and was keen to use the hip-hop mogul to promote the Nets, even featuring in a series of billboard posters with him.

Kidd - who previously played as a point guard for the Nets - signed on as coach in June.

Source: Bang Showbiz

 
Update
11

3 weeks ago

Taylor Swift, Platinum Party Of One

Nov 5 2014 2:32am CST | Source: WNYC Music

Last night, Nielsen SoundScan announced that Taylor Swift sold 1.287 million copies of her new album, 1989 in its first week of release. This would be impressive in any year, but in a year like this, you could call it a miracle. So far in 2014, only one album has sold more than a million copies: the soundtrack to the movie Frozen, which actually came out in 2013. No other album released in 2014 has sold one million copies, all year long. So it's no ...
Source: WNYC Music   Full article at: WNYC Music
 

 
Update
10

3 weeks ago

Night Crumbs

Nov 4 2014 7:59pm CST | Source: Dlisted

“I do declare, the middle part is not your friend, honeybey” is what Jay-Z said to himself as he looked at Beyonce while sitting courtside at the Nets game last night - Lainey Gossip  Living the culinary dream: this Olive Garden VIP pass holder is – Jezebel Amanda Bynes tweets ...
Source: Dlisted   Full article at: Dlisted
 

 
Update
9

3 weeks ago

Beyoncé, Blue Ivy and Jay Z's Second Halloween Costumes Are Just as Good as Their First—See the Pics!

Nov 4 2014 3:41pm CST | Source: E Online

Why limit yourself to just one costume on Halloween, right? Beyoncé couldn't help but dress up in two outfits this year, one of which we hav ...
Source: E Online   Full article at: E Online
 

 
Update
8

3 weeks ago

Jay Z, Kanye West Sued by Street Peddler ... You Stole My Song Outside Your Hotel!

Nov 4 2014 3:19pm CST | Source: TMZ

Jay Z, Kanye West and Frank Ocean shamelessly stole a song from a guy who was peddling his CDs outside their hotel ... so the street peddler claims in a new, somewhat bizarre federal lawsuit.Joel Mac says he was outside the Mercer Hotel in SoHo a… ...
Source: TMZ   Full article at: TMZ
 

 
Update
7

3 weeks ago

Beyonce isn’t doing a ‘surprise album,’ she’s dropping a surprise mega-box set

Nov 4 2014 8:40am CST | Source: Celebitchy.com

Here are some photos of Beyonce out and about last week, pretending like the baby bangs never happened. Beyonce’s wig situation is interesting, but I’ll save that conversation for another day. Soon after these photos were taken, Beyonce dressed up as Janet Jackson for Halloween. Blue Ivy was Michael Jackson, circa the Rhythm Nation era (God, I loved that era). Then Beyonce dressed up as a sad Frida Kahlo for a second Halloween party – go here to see some pho ...
Source: Celebitchy.com   Full article at: Celebitchy.com
 

 
Update
5

3 weeks ago

Beyonce To Release “Beyonce” Album Deluxe Edition Box Set With New Songs & Live Performances

Nov 4 2014 6:33am CST | Source: All HipHop

(AllHipHop News) It appears the rumors Beyoncé is releasing another project this month were partially true. An alleged tracklist for the second edition of the Beyoncé album spread across the Blogosphere the last few days, causing some to speculate if Bey was dropping a new LP in the near future. [ALSO READ: Alleged Tracklist For Beyonce’s Next Surprise Album Circulates Online] The Houston native may not be offering Beyoncé Volume 2, but she is set to release a 2 CD/2 DVD Beyoncé Platinum E ...
Source: All HipHop   Full article at: All HipHop
 

 
Update
4

3 weeks ago

Beyonce Rumored Album Re-Release Tracklist Hits The Net/ Rihanna, Nicki Minaj & Justin Timberlake Set To Appear

Nov 2 2014 3:54pm CST | Source: Your Music My World

As we were two weeks away from the end of 2013, Beyonce shocked the entire world when she release her long awaited fifth album which came in a form of an self-titled album that served up the popular singles “Drunk In Love”, “Partition”, “Flawless”. She has surprised us once again with news of releasing a 4-disc platinum edition of her current album and it will feature 10 brand new tracks including the “Flawless” remix featuring Nicki Minaj ...
Source: Your Music My World   Full article at: Your Music My World
 

 
Update
3

3 weeks ago

More Bizarre Tweets From Amanda Bynes: She Says Zac Efron Isn’t Ugly And Says She Is Going To USC

Nov 1 2014 10:38am CDT | Source: Radar Online

It seems Amanda Bynes is back to being an authority on who is – and isn’t – ugly! The troubled actress, who was released from the psychiatric facility Las Encinas Hospital on Thursday after her nearly three-week involuntary hold, has been tweeting up a storm and her lastest message is aimed at Zac Efron. “By the way I just want to tweet that Zac Efron is not ugly,” Bynes posted on her feed Friday night, perhaps as an apology to her Hairspray costar for insulting his looks in ...
Source: Radar Online   Full article at: Radar Online
 

 
Update
2

4 weeks ago

Celebs Who Aren't Afraid of Wearing the Color Yellow!

Oct 30 2014 3:05pm CDT | Source: Posh24

Related articlesBlake Lively Showing Off Her Baby Bump in Daring Dress!Watch: Jay-Z And Beyonce's Star-Filled Trailer For Their Tour!Blake Lively is Finally Pregnant!More pictures of Blake Lively's baby bump up on her website ...
Source: Posh24   Full article at: Posh24
 

 
Update
1

4 weeks ago

Ludacris – Tom Ford Freestyle

Oct 30 2014 2:42pm CDT | Source: All HipHop

Ludacris is on a roll with these new freestyles and he doesn’t plan on slowing down. We now have a new one he did over Jay-Z‘s “Tom Ford” instrumental. “Burning Bridges” dropping in December. Filed under: Music Tagged: Ludacris, Ludaverses ...
Source: All HipHop   Full article at: All HipHop
 

 
 

blog comments powered by Disqus

Latest stories

Maria Shriver 'disgusted' by Miley Cyrus's party
Maria Shriver 'disgusted' by Miley Cyrus's party
Patrick Schwarzenegger's mother, Maria Shriver, is reportedly ''disgusted'' by Miley Cyrus's recent 22nd birthday celebrations, where she had a penis-shaped bucking bronco and covered the walls in sex toys.
 
 
Kim Kardashian and Kanye West planning nude photoshoot together?
Kim Kardashian and Kanye West planning nude photoshoot together?
Kim Kardashian West and Kanye West are reportedly keen to do a nude photoshoot together, after Kim recently posed naked for Paper magazine.
 
 
Robert Pattinson put on diet by FKA twigs
Robert Pattinson put on diet by FKA twigs
Robert Pattinson's girlfriend, FKA twigs, has reportedly given him a healthy eating and exercise plan to follow to improve the couple's sex life.
 
 
Cate Blanchett 'proud' of Emma Watson
Cate Blanchett 'proud' of Emma Watson
Cate Blanchett is ''proud'' of Emma Watson's speech on gender equality, - which she delivered at the United Nations' launch of the HeForShe campaign earlier this year - describing it as ''incredible''.
 
 
 

Latest from the Network

OPEC decides against oil production cut despite price slump
Viena, Nov 28 (IANS) The ministers of the Organization of Petroleum Exporting Countries(OPEC) decided here Thursday to maintain its output level despite crude oil price fell to a four-year low level. The decision to...
Read more on Business Balla
 
12 killed in bus accident in Egypt
Cairo, Nov 28 (IANS) At least 12 people were killed and three others injured Thursday as a passenger bus overturned into a canal in Egypt's Beni Sweif province, around 120 km south of the capital Cairo, media reported...
Read more on Politics Balla
 
Explosions, gun fire rock Kabul diplomatic enclave
Kabul, Nov 27 (IANS) Two explosions followed by gunfire rocked the diplomatic enclave here Thursday night, a security officer said. The area of the blast is close to the Tajikistan embassy. The incident occurred in...
Read more on Politics Balla
 
Saarc leaders' wives ladies go sight-seeing at Bhaktapur
Kathmandu, Nov 27 (IANS) While the Saarc leaders conferred on regional matters at the tourist resort of Dhulikhel, their wives drove to the World Heritage Site of Bhaktapur to enjoy the sights of the ancient city. The...
Read more on Politics Balla
 
Maria Shriver 'disgusted' by Miley Cyrus's party
Patrick Schwarzenegger's mother was ''disgusted'' by Miley Cyrus's birthday celebrations. Maria Shriver - who, along with Arnold Schwarzenegger, are the parents of the 21-year-old actor - is reportedly ''very worried''...
Read more on Celebrity Balla
 
Kim Kardashian and Kanye West planning nude photoshoot together?
Kim Kardashian West and Kanye West want to do a nude photoshoot together. The couple are reportedly keen to pose naked alongside each other, after the 34-year-old 'Keeping Up With The Kardashians' star recently stripped...
Read more on Celebrity Balla