Jay-Z Owns Less Than One Percent Of Brooklyn Nets But Will Make Millions Through Several Deals Tied To New Barclays Center

 

Nine years ago Jay-Z invested $1 million for a minority stake in the then New Jersey Nets. That equates to roughly a one-fifteenth of one percent of the team. It may sound like a small percentage, but the New York Times reports he will make millions through several ventures tied to their new arena, Barclays Center. The stadium was built to accommodate the team's move into Brooklyn, New York. The team now changed its name to the Brooklyn Nets.

 

Here are five ways Hov will make a significant return on his investment.

 

1. The Net's new arena, Barclays Center, will open with eight sold out Jay-Z concerts


2. The arena's most exclusive "Vault" suites, for which fans will have to shell out $550,000 a year to have access to, will offer patrons Armand de Brignac champagne. Jay-Z "promotes" and "holds a financial interest" in Armand de Brignac


3. Jay-Z's 40/40 sports bar/club will open a new location at the Barclays Center


4. Rocawear, Jay-Z's clothing line, will have a store at the arena


5. The Nets employ an advertising agency, Translation, which is half-owned by Jay-Z

 

Jay-Z has contributed to the team in many other ways.

 

 

He helped design the team logos and choose the team’s stark black-and-white color scheme, and personally appealed to National Basketball Association officials to drop their objections to it (the N.B.A., according to a person with knowledge of the discussion, thought that African-American athletes did not look good on TV in black, an assertion that a league spokesman adamantly denied). He counseled arena executives on what kind of music to play during games. (“Less Jersey,” he urged, pushing niche artists like Santigold over old favorites like Bon Jovi.) He even coached them on how to screen patrons for weapons without appearing too heavy-handed. (“Be mindful,” he advised oracularly, “and be sensitive.”)



Add to that the fact that having Jay-Z and Beyonce at the arena almost every night makes it hip for the younger crowd to buy tickets and this looks like a win for all parties involved.



He is it,” developer Bruce Ratner, said in an interview. “He is us. He is how people are going to see that place.”

 

Sourced from the New York Times and Business Insider

 

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Comment by Streetking on August 18, 2012 at 6:23pm
Now the question I want answered is could he have had a larger stake if he put more money. Of course he doesn't want to put all his money in such a haphazard investment. I guess if it falls through he's only out a mill, and that's nothing to him. Invest small with a huge gain, I see you Jay.
Comment by Junior on August 18, 2012 at 5:13pm
he promotes the heck out of that stadium.....what do you expect
Comment by KEIZER SOZE on August 18, 2012 at 12:12am
THE MOST GENERIC JERSEYS & LOGO in HISTORY (lol) If I was THE RUSSIAN BILLIONAIRE who OWNS %80 I would step in say ok now CAMEL JOE I cant let YOU be THE DECISION MAKER on to much whn YOU only OWN %.15 of the TEAM (lol) CLOTHING STORE & SPORT BAR inside the AREAN also huh ... I am getting OLD & NOT Getting OUT enough cuz I NEVER heard or seen something like that
Comment by Ghostbust on August 17, 2012 at 11:27pm
My n****. Get that money black man. I love when my people win. F*** the haters. kiss ten asses.
Comment by Rdot on August 17, 2012 at 5:24pm
So this n**** sold his soul for 1%......damn just sayin....
Comment by J Breezy on August 17, 2012 at 5:03pm
dude said it looks like a prison uniform? CRAZY i never seen a black jumper in prison, usually orange, or if you in racist arizona sheriff arpico makes em wear pink jumpers... my joints have been orange in bergen county, and in nassau county.
Comment by top 3 = Ross/Banks/Kiss on August 17, 2012 at 3:36pm
"I'ma hustla , ima ima hustla homie, ima hustla, ima ima hustla homie, n*gga ask, n*gga n*ggas ask about me, n*gga ask, n*gga n*gga ask about me" !!! - Jay Z -
Comment by Banger on August 17, 2012 at 3:32pm
Come on now, Jay didn't have to explain to everyone how much he going to get paid just cause everyone found out he owns 1/15 of 1 percent....LMAO
Comment by Moz on August 17, 2012 at 2:05pm
He owns less then 1 percent..but if he pulls out..they would lose tens of millions and popularity. Trust me. Not to mention the money he brings in for the center by doing shows..especially if the team sucks..without Jay they would be nowhere lol
Comment by AV from AZ on August 17, 2012 at 1:52pm
Haters keep on hating.....
"If you grew up with holes in your zapatos You'd celebrate the minute you was having dough" (99 Problems)



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