Jay-Z has spoken out for the first time about selling his ownership stake in the Brooklyn Nets. Check out the explanation straight from the horse's mouth inside...
As previously reported, Shawn "Jay-Z" Carter will relinquish his ownership in the NBA Brooklyn Nets franchise in order to embark on his new venture of Roc Nation Sports.
The TIME Magazine Most Influential 100 People In The World cover guy took to his own Life+Times website this morning to give people his own explanation. And to re-confirm his love for BK. Check out his statement in full below:
Being a member of the Nets organization surpassed some of my greatest ambitions. It was never about an investment; it was about the NETS and Brooklyn. My job as an owner is over but as a fan it has just begun. I’m a Brooklyn Net forever. It’s been an honor to work with Mikhail Prokhorov, Dmitry Razumov, Christophe Charlier, ONEXIM Sports and Entertainment, Brett Yormark and all the wonderful people involved in making the Nets first class. My sincerest thanks goes to Bruce Ratner, who first introduced the idea of moving the Nets to Brooklyn. A thank you and deepest appreciation goes to the fans. You are the lifeblood of any team.
The Nets have made their mark on the NBA and as they enter a new era, Roc Nation does as well; as we embark on Roc Nation Sports. Our newest endeavor is committed to building the brands of professional athletes as we have done for some of today’s top music artists. For Roc Nation Sports to function at its full potential, NBA rules stipulate that I relinquish my ownership in the Brooklyn Nets. It was a tough decision but as I stated earlier, it’s not about ownership. Congratulations to The Nets on a great season and making the playoffs! I will always be a Brooklyn Net.
Hov may have officially left the building...but you'll probably be seeing his and everybody else's diamonds up courtside during the playfoffs....