According Adrian Wojnarowski at Yahoo Sports, Jay-Z has already begun to sell his ownership of the Brooklyn Nets. Hov has recently launched Roc Nation Sports and signed New York Yankee Robinson Cano. In order for Jay-Z to sign NBA Players to his agency, he would have to cut ties with the Brooklyn Nets.
Entertainment mogul and rapper Jay-Z has started the process of divesting his small share of ownership with the Brooklyn Nets to extend his Roc Nation Sports representation business into basketball, sources told Yahoo! Sports….
Selling his share of the Nets is a necessary prelude for Jay-Z to obtain his National Basketball Players Association certification as an agent. NBA rules mandate that no one individual affiliated with a player representation company can have an ownership stake with an NBA team.