When it was announced that Jay-Z had some ownership in the Brooklyn Nets, everybody jumped to conclusions and assumed that he had the most say out of a lot of people involved. Even though Jigga does still have a very huge impact on the team, what does he actually get to do? New York Times did some research and this is what they found out about HOV and the Nets. This man has got a lot of the operations on lock, owning most of the companies that take part in running the arena.
“He helped design the team logos and choose the team’s stark black-and-white color scheme, and personally appealed to National Basketball Association officials to drop their objections to it (the N.B.A., according to a person with knowledge of the discussion, thought that African-American athletes did not look good on TV in black, an assertion that a league spokesman adamantly denied). He counseled arena executives on what kind of music to play during games. (“Less Jersey,” he urged, pushing niche artists like Santigold over old favorites like Bon Jovi.)”
“Suite owners will have access to a Champagne bar serving Armand de Brignac, an expensive bubbly that Mr. Carter promotes and in which he holds a financial interest, according to a biography by a writer for Forbes. The arena will contain a 40/40 Club, an iteration of his sports-bar-style nightclub chain. There will be a Rocawear store, selling his clothing line, on the arena’s exterior. Even the advertising agency used by the Nets, Translation, is half-owned by Mr. Carter.”
Looks like Will Smith and his wife have taken on yet another venture in their careers. The Philadelphia native decided to acquire a stake in the team yesterday and is now part owner. This is what majority owner Joshua Harris had to say about the new deal.
“My partners and I are thrilled to have become owners of the Sixers. It’s an honor to be part of this storied franchise. We want to build on the team’s momentum and be world class and cutting edge in everything we do.”