April 11, 2013 in Sports

Jay-z selling stake

 

The Brooklyn Nets are losing one of their biggest names as they prepare for the playoffs. Jay-Z owned just a little piece of the team, but was a large presence when the franchise changed homes and identities this season. The rap mogul is selling his stake in the Nets so he can become certified as a player agent, possibly before the end of the season. The process is underway, with paperwork already filed, a person with knowledge of the details said Wednesday. NBA rules prevent anyone from being involved in ownership and player representation. Yahoo Sports, which first reported Jay-Z’s plans, said his Roc Nation company has partnered with Creative Artists Agency (CAA) and hopes to compete for players in this June’s NBA draft. –AP


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