Brooklyn, NY – This will probably be the biggest month for Jay-Z, I’m quite sure it is for all the media outlets. The New York-based artist/entrepreneur recently covered Time magazine’s ‘The 100 Most Influential People in the World’ and now between his controversial Cuba trip and the launch of Roc Nation Sports week ago, Jay-Z is on a serious rampage. He even shocked the sports world by immediately signing NY Yankee second baseman Robinson Cano.

Well, here’s another shocker, it has become apparent that Jay-Z has ended his tenure as part-minority of the Brooklyn Nets. Through an official statement, he announces his departure:

“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.”

Jay continues on stating that he will push forward with Roc Nation Sports as planned, while at the same time remain a true and loyal Net fan:

“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.”

Speculations were already surfacing after the release of his controversial track ‘Open Letter’ where he mentioned the Nets as well as his recent trip to Cuba.

According to MTV News, sports industry insiders believe that Hov is racing against the clock in order to be eligible to compete for players who are entering the NBA draft in June.

At press time, Hov owns one-fifth of one percent of the billion-dollar Barclays Center that the Brooklyn Nets currently play in.

Keep posted to for more updated news on Jay-Z and Roc Nations Sports.

-Zenn Lee

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