Sports
by Lance Pauker on April 10, 2013

Jay is reportedly selling his Nets shares so he can become a licensed agent. Via the Hollywood Reporter:

Jay-Z has decided to sell his shares of the Brooklyn Nets, the team for which he is the unofficial celebrity ambassador, in order to expand his sports representation agency to include NBA players, Yahoo Sports reports.

The rapper/mogul, who is reported to own one-fifteenth of 1 percent of the Barclays Center-based franchise, recently teamed up with CAA on the launch of Roc Nation Sports, representing pro athletes. But he can't sign basketball stars if he has a stake in a team. It's an NBA rule and part of the process of getting certified by the National Basketball Players Association to become an agent. According to Yahoo, Jay-Z's transition from Nets co-owner to NBA agent should be completed for the league's June draft. In his partnership with CAA, the firm's agents will oversee contract negotiations while Jay-Z will leverage his worldwide influence in the realms of business and entertainment. CAA's clients include Carmelo Anthony, Chris Bosh and Tony Parker. 

 

And in more hashtag personal brand news, the star-studded lineup for Jay's “Made in America” Festival (which is being held in Philly this year), has been announced. Via Philly.com:

Nine Inch Nails

Solange

Gaslight Anthem

Emeli Sandé

A$AP Rocky

Schoolboy Q

Walk the Moon

Jesse Rose

Kendrick Lamar

Drake

Fitz and The Tantrums

Wolfgang Gartner

AlunaGeorge

Haim

Wiz Khalifa

Nero

Ab-Soul

Feed Me

Crystal Fighters

GTA

Jay Rock

3LAU

Imagine Dragons

Calvin Harris

Skrillex

Birdy Nam Nam

Redlight

Rudimental

Phoenix

 

 

[H/T: THR]