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

 
 
 

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

 
Update
11

1 day ago

Nipsey Hussle Arrested, But For What?

Aug 30 2014 10:39pm CDT | Source: All HipHop

(AllHipHop News) The Hip-Hop Police are seemingly going hard against rappers and have claimed their latest in Nipsey Hussle. However, the West Coast G has denied any wrongdoing and a rep says he was treated unjust. Nipsey was arrested on August 29 in Los Angeles after the raid of a clothing store called Slauson Avenue Clothing. A probation complaint search was called in and the police allegedly went to the locati ...
Source: All HipHop   Full article at: All HipHop
 

 
Update
10

2 days ago

Antoine Fuqua talks Suge Knight shooting, unfinished doc

Aug 29 2014 9:27pm CDT | Source: Southern California Public Radio

Marion "Suge" Knight was reportedly shot six times on Aug. 24 at a club in West Hollywood. The rap music mogul is the subject of a Showtime documentary being directed by Antoine Fuqua.; Credit: Getty Images Director Antoine Fuqua is best known for directing high-octane action films such as “Training Day,” "Shooter" and "Olympus Has Fallen." He recently re-teamed with Denzel Washington for “The Equ ...
Source: Southern California Public Radio   Full article at: Southern California Public Radio
 

 
Update
9

2 days 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 downtown LA, where there have been some concerns about alcohol consumpt ...
Source: CBS Los Angeles   Full article at: CBS Los Angeles
 

 
Update
8

3 days 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
7

3 days 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 Mayor' With Mayor Eric GarcettiKNX 1070 NEWS ...
Source: CBS Los Angeles   Full article at: CBS Los Angeles
 

 
Update
5

3 days 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 he ...
Source: All HipHop   Full article at: All HipHop
 

 
Update
4

3 days 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 Profes ...
Source: Dlisted   Full article at: Dlisted
 

 
Update
3

3 days 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 theorize ...
Source: TMZ   Full article at: TMZ
 

 
Update
2

3 days 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 Beyoncé is expecting her second child ...
Source: Houston's Hot Hits   Full article at: Houston's Hot Hits
 

 
Update
1

4 days 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 i ...
Source: CBS Philly   Full article at: CBS Philly
 

 
 

blog comments powered by Disqus

Latest stories

Caffeinated 'energy' drinks bad for heart
London, Sep 1 (IANS) "Energy" drinks which are so popular during physical exercise and even otherwise among children and younger adults can cause heart problems, a research shows.
 
 
Miley Cyrus still loves Liam Hemsworth
Los Angeles, Sep 1 (IANS) Singer Miley Cyrus says she still has strong feelings for her ex-fiance Liam Hemsworth, with whom she parted ways last year.
 
 
Shun coffee and switch to tea for healthy heart
London, Sep 1 (IANS) If you have to choose between tea or coffee, it is probably better to drink tea for its antioxidant benefits.
 
 
Lance Bass proposes to Michael Turchin again
Los Angeles, Sep 1 (IANS) Former 'N Sync member Lance Bass proposed to his fiance Michael Turchin again, a year after the couple first got engaged.
 
 
 

Latest from the Network

Ebola toll in Guinea 460
Conakry, Sep 1 (IANS) At least 690 Ebola virus disease cases have been confirmed in Guinea, out of which 460 people have died, the latest data released by the health ministry here shows. A total of 143 patients were...
Read more on Business Balla
 
Southern African Development Community discusses Lesotho coup attempt
Pretoria, Sep 1 (IANS) The Southern African Development Community (SADC) Monday continued its meeting here on the attempted coup by Lesotho's military. Present at the meeting were SADC Chairman and South African...
Read more on Politics Balla
 
Iraqi forces recapture key town
Baghdad, Sep 1 (IANS) Iraqi security forces Monday recaptured the town of Sulaiman Beg in Salahudin province after more than two months of being under siege by the Islamic State (IS) Sunni extremist organisation, an...
Read more on Politics Balla
 
Caffeinated 'energy' drinks bad for heart
London, Sep 1 (IANS) "Energy" drinks which are so popular during physical exercise and even otherwise among children and younger adults can cause heart problems, a research shows. "People sometimes consume a number of...
Read more on Celebrity Balla
 
Nepal too to restructure national plan panel
Kathmandu, Sep 1 (IANS) After the new Indian government decided to scrap the Planning Commission, the Nepal government also has decided to restructure, revamp and modernise its National Planning Commission (NPC), which...
Read more on Business Balla
 
Women at greater stroke risk from resistant hyper-tension
London, Sep 1 (IANS) The condition known as Resistant Hyper-tension increases stroke risk by 35 percent in women and 20 percent in elderly patients, according to new research. "Patients with hyper-tension that does...
Read more on Apple Balla
 
Indian-origin inventor of 'email' slams critics
Washington, Sep 1 (IANS) V.A. Shiva Ayyadurai, an Indian-origin scientist who received official recognition as the inventor of the computer program for electronic mail system or "email" from the US government 32 years...
Read more on Politics Balla
 
Miley Cyrus still loves Liam Hemsworth
Los Angeles, Sep 1 (IANS) Singer Miley Cyrus says she still has strong feelings for her ex-fiance Liam Hemsworth, with whom she parted ways last year. The 21-year-old split from the actor in September 2013 following...
Read more on Celebrity Balla
 
No interference by Russian military in Ukraine crisis: Minister
Moscow, Sep 1 (IANS) Russian Foreign Minister Sergei Lavrov Monday said Moscow will not send out military troops to...
Read more on Politics Balla
 
Shun coffee and switch to tea for healthy heart
London, Sep 1 (IANS) If you have to choose between tea or coffee, it is probably better to drink tea for its antioxidant benefits. According to a large study, drinking tea reduces non-cardio-vascular (CV) mortality by...
Read more on Celebrity Balla