MX23RW : Monday, January 21 06:24:27

Report: Jason Kidd to buy Jay Z's Brooklyn Nets share

Brooklyn Nets head coach Jason Kidd reportedly agrees to buy a stake in the team from rapper and agent Jay Z.

Brooklyn Nets head coach Jason Kidd has reportedly agreed to buy Jay Z's share in the team.

Under NBA rules, the rapper is no longer allowed to own a stake in a team, as he runs an agency which represents athletes in the league.

ESPN has stated that Kidd has paid $500,000 (£320,287) for the stake, which represent one-sixth of a percent of the franchise.

Agents and players are prohibited from owning shares in teams.


Click here for more stories about Jay Z

Click here for more stories about Brooklyn Nets

Share this article now:
Carmelo Anthony of the New York Knicks gets away from Detroit Pistons player Kyle Singler on January 17, 2013
Read Next:
Live Commentary: NBA - Knicks vs. Pistons - as it happened
>

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel
Login, I already have my ad-free pass
Log in to customise Sports Mole
Buy ad-free access (show me the options)
Buy monthly ad-free access for £1.20/month
Buy yearly ad-free access for £12 (2 months free)
Settings - Logout - Manage your account
Settings - Logout - Manage your account