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Jay-Z sells his stake in Nets, Eyes for July draft

Jay-Z sell Nets, Jay-Z has hit the news for selling his stakes in the Brooklyn Nets, a professional basketball team. This move by him predicts that he is going to become a sports agent as he has already brought in Robinson Cano of the Yankees team into his label “Roc Nation”.

The sources reported on April 9 that Shawn Carter, better known as “Jay-Z” will be selling his minority stake in Brooklyn Nets in order to focus on signing people to this sports agency. According to the sources, Jay-Z, who has a nearly one percent stake in the Brooklyn Nets team, will be relinquishing it soon. Another rumor has got it that this step by Jay is to become a certified NBA agent for the 2013 NBA draft, which is likely to take place in June.

As per the rules of the NBA,” It is mandatory that no one individual affiliated with a player representation company can have an ownership stake with an NBA team.”

Hence this step of selling his stakes is a preliminary step for the June draft. According to various sources, there is another rumor that Jay-Z is trying to bring in New York giants star Victor Hugo under his label “Roc Nation”. That would bring in two of New York’s athletes in his label. The Hip-Hop star, Jay-Z was recently seen hanging out at various sports events.

Anyways, Jay-Z still continues on his music track. His twelfth music album is expected to release sometime this year, with the production from the great names like Jahlil Beats, Kanye West, Timbaland and Pharrell Williams.

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