News: Jay Z Selling Nets Stake To Who?

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Jay Z who owns .1608 percent or roughly 1/6th of a percent of the Nets franchise is selling his stake. This was expected since its a conflict of interest with Roc Nation Sports Management. Rumors are that half of his portion is going to coach Jason Kidd for $500,000 and the other half is going to an undisclosed party. If this happens, Kidd will have the head coach for The Nets title and additionally be a .067% or 1/15th of a percent owner.  If he were to get released from the team and be employed by another team Kidd would have to relinquish his shares.



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