Report: Jay Z Selling Nets Ownership Stake to Jason Kidd

Jay Z will reportedly sell his ownership stake in the Brooklyn Nets to head coach Jason Kidd. 

Kidd will reportedly “take over Jay’s .067 percent (1/15th of a percent) stake in the team for about $500,000,” and, as the New York Post first reported, “the move comes as Jay was forced to sell his Nets shares over a conflict of interest after he started a sports agency, Roc Nation, signing clients including Yankee Robinson Cano and Oklahoma City star Kevin Durant.”