Jason Kidd buys Jay Z’s ownership stake in Nets
Brooklyn Nets coach Jason Kidd has purchased Jay Z’s stake in the team, The New York Post reports.
The New York Times reported last August that Jay Z owned only one-fifteenth of a percent of the Nets but had a major influence on the team’s off-court product.
The Post reports that Kidd paid around $500,000 for Jay Z’s piece of the team. Russian billionaire Mikhail Prokhorov owns the majority stake in the team.