By The Hip Hop Writer
Hip Hop Vibe Staff Writer
When he came into 2013, Jay-Z gave the fans what they were missing. For four years, they have gone without seeing Jay-Z daily. Justin Timberlake fixed this with “Suit & Tie,” which features Jay-Z. Back on the music scene on a daily basis, rumors were fueled about a new Jay-Z album.
This year, thus far, has been business as usual for Jay-Z. A decade-long vision was realized when the Nets relocated to Brooklyn and made the NBA playoffs for the first time since 2007. In the midst of this playoff run, Jay-Z has decided to sell his stake in the franchise to launch his sports management division of Roc Nation.
Officially exiting the Brooklyn Nets, Jay-Z has finally broken his silence about his departure from the franchise. As he has expanded as a businessman, Jay-Z had to relinquish ownership in several other businesses. But, seeing how he spent ten years with the Nets, Jay-Z did write them an open letter.
Read Jay-Z’s open letter 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.”
