Jay-Z Relinquishes Brooklyn Nets Stake But He’s Still Sitting Courtside At The Nets Vs Bulls Playoff Game

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And I could blame my environment but there ain’t no reason why I be buying expensive chains,” rapped Jay-Z on “Public Service Announcement“. Earlier in the week, Jay-Z relinquished his Brooklyn Nets stake but he’s still keeping his seat. He is one of the few celebs who are often seated court side at basketball games, especially during the playoffs. Speaking of the playoffs, Jay-Z is currently sitting court side at the Barclays Center for Game 1 of the Brooklyn Nets vs the Chicago Bulls series. He styled in a black Rich Kids “HOOLIGANS” crew sweatshirt with black jeans. His outfit was accessorized with a Just Don Nets snakeskin snapback and Charles Barkley’s Nike Air Force 180 “Phoenix Suns” sneakers. Barkley wore these sneakers when he played for the Suns. There’s no denying that Jay-Z is addicted to expensive chains!


Jay-Z renounced his owner of the team; excerpts 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.




Photo Credits: Screen Shots | Sneakers via Marquee Sole

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Donovan is the CEO and Editor-In-Chief of www.dmfashionbook.com. For all general inquiries please email don@dmfashionbook.com Donovan has a BA in Journalism & Media Studies from the prestigious Rutgers University. He's currently studying entertainment and fashion law.