![Kidd Kidd - The Weak And The Strong - Produced By Falling Down [Listen/Download] -TI50](http://api.ning.com/files/KBrEfAoS3SGRyiBvnAgJjDM7Dgb5JmI6lOCJho3HWgAv-pePPXJe9-uN4Vp9IsqWAwL6yCrg7H88GNeiw8uihw__/thisis50resized.png?width=32&height=32&crop=1%3A1){kind=small}
![Miami Heat Player Dwayne Wade Gets Clowned For Wearing Polka Dot Suit With Capri Flood Pants Before Game Against Bulls [Video/Pic]](http://api.ning.com/files/gfq3QAvFlwWETwGdA7WPV4yOp*A67vSjd672cT9jTCA6KFirVgJ1emvSqKMc772EoyELmo9msqZ8T670jrEhNqYMUqpm8NIA/279055527.jpeg?width=32&height=32&crop=1%3A1){kind=small}
BOXING PLAYOFF**Lamont Peterson vs Lucas Matthysse Live Stream Online HDQ TV boxing
"BOXING PLAYOFF**Lamont Peterson vs Lucas Matthysse Live Stream Online HDQ TV…"
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
Follow Me
 |
 |
 |
 |
Comment
-
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 piggy_smallz on August 17, 2012 at 6:32pm -
Regardless... right now in America, the REAL Illuminati has the game set up, so ALOT of people cant even VOTE !!! Its supposed to be a constitutional RIGHT in this nation but RIGHT NOW, the game is fixed where in some places if you aint got a photo ID.. Its a wrap.. Niqqaz wit deep pockets like Jay, Will Smith, name um.. should make a move and go to spots like Philly or where this shady chit is goin down.. and drop stacks on gettin low income people state ID's ?? I mean damn.. its not like if they dropped 2milly, they wouldnt get it right back... its a fuqqin tax right off !!!! I'm jus sayin.. real chit goin down these days and niqqaz is sleepin.. crackin on someone with a worthless owner title,, Magic had a small stake in the Lakers too, he flipped it years later for 15 milly.. Jay flippin his nothing percentage into using the arena to get paid.. makes sense.... I still think N***** need to step up on a more Humanitarian level
-
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
Top Content
Upcoming Releases
-
Tay Da Don Yacht Party & Birthday Bash
May 17, 2013 at 11pm to May 18, 2013 at 4pm – PIER 4
0 Comments 4 Likes
Latest Activity
- Top News
- Everything
Celeno commented on Celeno's albumBOXING PLAYOFF**Lamont Peterson vs Lucas Matthysse Live Stream Online HDQ TV boxing
"BOXING PLAYOFF**Lamont Peterson vs Lucas Matthysse Live Stream Online HDQ TV…"
Celeno commented on Celeno's albumBOXING PLAYOFF**Lamont Peterson vs Lucas Matthysse Live Stream Online HDQ TV boxing
"BOXING PLAYOFF**Lamont Peterson vs Lucas Matthysse Live Stream Online HDQ TV…"
Atos Ram commented on Atos Ram's photo
livesports>>>Watch Vitor Belfort vs Luke Rockhold Live Stream Online Free Boxing Game 05/18/2013
"Welcome to Watch UFC on FX 8 fight card: Vitor Belfort vs Luke Rockhold Ultimate Fighting Championship Live Streaming. so enjoy the live online tv score card on your pc. Don’t worry, it is too easy to watch. Just Click our TV link. So Watch…"
Oams Amsi commented on Oams Amsi's photo
Watch Los Angeles Kings vs San Jose Sharks Live Streaming Free Online NHL Playoffs
"Watch Los Angeles Kings vs San Jose Sharks live streaming online NHL Playoffs Games on your PC, Get live stream Los Angeles Kings vs San Jose Sharks video Soapcast and Highlights. Los Angeles Kings vs San Jose Sharks match will be held at NHL…"
Atos Ram commented on Atos Ram's photolivesports>>>Watch Vitor Belfort vs Luke Rockhold Live Stream Online Free Boxing Game 05/18/2013
"The Former light heavyweight champion Vitor Belfort will face off against Strikeforce’s final middleweight champion Luke Rockhold live on network cable television on Saturday, May 18 at the Arena Jaragua in Jaragua do Sul, Brazil.
Click here…"
© 2013 Created by 50 Cent.
You need to be a member of ThisIs50.com to add comments!
Join ThisIs50.com