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...

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51 weeks 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

 
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11

21 minutes ago

Workers Ready Downtown LA For Made In America Music Festival

Aug 29 2014 2:44pm CDT | Source: CBS Los Angeles

LOS ANGELES (CBSLA.com) — Final preparations are underway for this weekend’s Made in America outdoor music festival, which is expected to draw thousands to downtown LA’s Grand Park. Performers expected to rock Grand Park over two days include Imagine Dragons, Kanye West, John Mayer, Weezer, Iggy Azalea, Kendrick Lamar and dozens of other well-known music acts. The event, spearheaded by rapper Jay-Z, is a first for downto ...
Source: CBS Los Angeles   Full article at: CBS Los Angeles
 

 
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10

22 hours ago

Cause to Celebrate: Total Freedom Gets Kelela in the Mix on His New Blend

Aug 28 2014 4:40pm CDT | Source: The Fader: Music

The LA DJ blends Kelela’s “Enemy” with Jay-Z and Rick Ross’s “Fuckwithmeyouknowigotit.”Read more... ...
Source: The Fader: Music   Full article at: The Fader: Music
 

 
Update
9

1 day ago

‘Made In America’ Concert Could Bring $10M Windfall To LA City Coffers

Aug 28 2014 1:01pm CDT | Source: CBS Los Angeles

LOS ANGELES (CBSLA.com) — A music festival featuring headliners Jay-Z and Beyonce set to take place in downtown Los Angeles this weekend could bring as much as $10 million to the city, Mayor Eric Garcetti said Thursday. Appearing on KNX 1070 NEWSRADIO’s “Ask The Mayor” segment, Garcetti said he and other city officials worked to clear out any bureaucratic red tape to bring the Made In America festival to Grand Park.'Ask The ...
Source: CBS Los Angeles   Full article at: CBS Los Angeles
 

 
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8

1 day ago

Beyonce’s Father Claims Divorce Rumors and Jay Z/Solange Fight Were “Jedi Mind Tricks” (VIDEO)

Aug 28 2014 11:44am CDT | Source: All HipHop

(AllHipHop News) Beyonce: word class dancer, legendary singer, master Jedi. In a recent interview, Mathew Knowles alleges that his daughter’s recent negative press has been constructed by Beyonce and her team to trick everyone. Knowles appeared on 104.1 KRBE’s Roula & Ryan and did everything but say that Beyonce orchestrated the negative publicity regarding her marriage and her husband’s fight with her sister by claiming all of it was “Jedi Mind Tricks”. Whe ...
Source: All HipHop   Full article at: All HipHop
 

 
Update
7

1 day ago

Beyoncé’s Dad Sort Of Says The Bey-Z Divorce Rumors Were Made Up In An Attempt To Push Ticket Sales

Aug 28 2014 9:46am CDT | Source: Dlisted

Mathew Knowles, the former manager of Her Majesty Beyoncé and current professional sperm-slinging deadbeat pepaw, told Houston 104.1′s The Roula and Ryan Show on Wednesday (via Radar) that he knows the TROOF when it comes to Beyoncé and Jay-Z’s marriage. Take a seat and get ready to learn, because Professor Daddy Knowles is about to [ ...
Source: Dlisted   Full article at: Dlisted
 

 
Update
5

1 day ago

Beyonce's Dad -- Jay Z Divorce Rumors Are Just a 'Jedi Mind Trick'

Aug 28 2014 8:45am CDT | Source: TMZ

Mathew Knowles thinks the Beyonce/Jay Z divorce rumors ... and even the infamous Solange elevator fight video ... were both carefully orchestrated by the duo to drive up ticket sales.Beyonce's dad was on KRBE in Houston where he theor ...
Source: TMZ   Full article at: TMZ
 

 
Update
4

1 day ago

Is Beyonce Pregnant!

Aug 28 2014 7:30am CDT | Source: Houston's Hot Hits

Matthew Knowles is BACK in the news and this time he is saying that Beyonce made all that drama up about their marriage being in trouble to drum up interest for their tour! He said, quote,  “There’s a tour going on. So you sometimes have to ignite that tour. It’s called a Jedi mind trick.”He also said the entire fight with Solange was made up too! E! says on their website they have confirmation from NUMEROUS SOURCES!   That’s right: Superstar supermom B ...
Source: Houston's Hot Hits   Full article at: Houston's Hot Hits
 

 
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3

1 day ago

Not Everyone Excited About ‘Made In America’ This Weekend

Aug 28 2014 4:40am CDT | Source: CBS Philly

By Hadas Kuznits PHILADELPHIA (CBS) – Jay-Z’s third annual “Made in America” Labor Day Weekend concert on the Ben Franklin Parkway takes place this weekend, but not everyone is thrilled about the event. Councilman at-large Bill Greenlee says the biggest complaints he’s received from neighbors has to do with noise: “Certainly, the people who live right near here, I understand their concern. It’s an impact, there’s no doubt about that.” (Reporter) “And is it going to be ...
Source: CBS Philly   Full article at: CBS Philly
 

 
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2

3 days ago

Hip Hop Rumors: The BeyHive Comes For Breezy’s Girl!

Aug 26 2014 1:31pm CDT | Source: All HipHop

If you caught 106th an dPark yesterday, you watched as Chris Brown’s girl Karrueche Tran made her debut as the guest host of the show. Most first days go smoothly without a glitch. However for co-host Tran, she learned a valuable lesson the hard way: Don’t come for Beyonce let alone little Blue Ivy. After reading a joke that was clearly out of line, the BeyHive wasted no time dragging her a** back and forth through the mud. BallerAlert is reporting that t ...
Source: All HipHop   Full article at: All HipHop
 

 
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1

4 days ago

MTV VMAS Red Carpet Recap

Aug 25 2014 12:07pm CDT | Source: All HipHop

Trophies often take a back seat at the VMAs to all of the craziness but this year wasn’t too crazy. Miley Cyrus won the top honor Sunday at the MTV Video Music Awards, but it was Beyonce‘s finale performance and the on-stage cameos of Jay Z and Blue Ivy that stole the night. In fact as Beyonce accepted the Michael Jackson Video Vanguard award after her electrifying performance (of her entire self-titled album), Blue Ivy was shown clapping her hands and saying “Yay, Mommy” int ...
Source: All HipHop   Full article at: All HipHop
 

 
 

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