Shawn Carter, also known as Jay-Z, is getting into the sports agency business by merging his entertainment company Roc Nation and Creative Artists Agency.
This arm in CAA will be known as Roc Nation Sports, and it announced Monday that its first client is MLB star Robinson Cano of the New York Yankees.
Robinson left powerful agent Scott Boras to join Jay-Z's firm.
Jay-Z ultimately also wants to represent pro football and basketball players, and to do the latter he would have to sell his small ownership stake in the Brooklyn Nets.
Jay-Z has enough money...but after watching the Nets play this year I would come up with any excuse I could to sell my stock in them as well.
Can't knock the man's hustle. But I hope he learns his lesson from Master P and Ricky Williams because that didn't work out too well
Isn't there some conflict of interest bewteen being a minority owner of a team and a part of an agency group? Could he represent any of the Nets players?
I think that's why the OP said he would have to sell his small ownership stake in the Brooklyn Nets
Derp**** My bad
Jay-Z spent $1 million for 1/15 of a percent of the Nets. I'm sure if he wanted to sell his stake to pursue the sporting agency, he would have no problem doing so. It'd be far more profitable in the long run.