Nine years ago Jay-Z invested $1 million for a minority stake in the then New Jersey Nets. That equates to roughly a one-fifteenth of one percent of the team. It may sound like a small percentage, but the New York Times reports he will make millions through several ventures tied to their new arena, Barclays Center. The stadium was built to accommodate the team's move into Brooklyn, New York. The team now changed its name to the Brooklyn Nets.
Here are five ways Hov will make a significant return on his investment.
1. The Net's new arena, Barclays Center, will open with eight sold out Jay-Z concerts
2. The arena's most exclusive "Vault" suites, for which fans will have
to shell out $550,000 a year to have access to, will offer patrons
Armand de Brignac champagne. Jay-Z "promotes" and "holds a financial
interest" in Armand de Brignac
3. Jay-Z's 40/40 sports bar/club will open a new location at the Barclays Center
4. Rocawear, Jay-Z's clothing line, will have a store at the arena
5. The Nets employ an advertising agency, Translation, which is half-owned by Jay-Z
Add to that the fact that having Jay-Z and Beyonce at
the arena almost every night makes it hip for the younger crowd to buy
tickets and this looks like a win for all parties involved.
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