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.
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NBA rules mandate that no one individual affiliated with a player representation company can have an ownership stake with an NBA team.
I guess we can all go burn our Brooklyn Nets gear now.