When Jay Z launched his new sports management division of Roc Nation, he had to unload any shares he held in any sports team which in this case was the Brooklyn Nets. The person he sold his stake to is none other than new Nets coach Jason Kidd.
We’re told Kidd will take over Jay’s .067 percent (1/15th of a percent) stake in the team for about $500,000.The move comes as Jay was forced to sell his Nets shares over a conflict of interest after he started a sports agency, Roc Nation, signing clients including Yankee Robinson Cano and Oklahoma City star Kevin Durant.source›› NYP
