Jay-Z worked relentlessly to bring the New Jersey Nets to Brooklyn and after one year in his hometown, the mogul has sold his ownership stake in the sports team. According to a letter posted on LifeandTimes.com, Jay says it was “never about an investment, it was about the Nets and Brooklyn.” He added, “My job as an owner is over but as a fan it has just begun.” Jay was forced to sell his stake in the Nets due to NBA rules – he can’t own part of a team if he wants to pursue his latest venture in sports management, Roc Nation Sports. Jay concluded, “It was a tough decision but… it’s not about ownership. Congratulations to the Nets on a great season and making the playoffs! I will always be a Brooklyn Net.” Head to LifeAndTimes.com for more.
-courtesy of MTV
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