Originally posted on AllHipHop.com:
(AllHipHop News) In these past two weeks, Jay-Z has started a sports agency, signed Robinson Cano, began his application to become a sports agent and now has relinquished his minority stake in the Brooklyn Nets.
In a statement posted on his Life+Times website, Jay-Z gave his thanks and states he’s now focusing on “building the brands of professional athletes”. The diverse entrepreneur says an NBA mandate requires him to relinquish his stake in the Brooklyn Nets in order for Roc Nation Sports to fully flourish:
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…
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