General News

Jay Z sells stake in Barclays Center

By:
Sep 18, 2013 | 3:06pm EDT

Rapper Jay Z is set to make $1.5 million (GBP1 million) for the sale of his ownership stake in the Barclays Center in Brooklyn, New York, according to a U.S. report. The move comes a few months after the 99 Problems hitmaker sold his minority stake in basketball team the Brooklyn Nets to head coach Jason Kidd for $500,000 (GBP330,330). Per National Basketball Association rules, the hip hop hitmaker was forced to sell his shares in the team and venue because of his new sports agency - Roc Nation Sports. The Barclays Center in Brooklyn hosted the MTV Video Music Awards last month (Aug13).

More General News