Jay Z Set to Sell His Stake in Barclays Center for $1.5 Million
Hov already pocketed $500k for selling his shares of the Nets to Jason Kidd and he is about to get a little more for unloading his stake in the Barclays Center.
Jay-Z owns slightly less than one-fifth of one percent of the Barclay Center. New York City recently appraised the Barclays Center–based on its potential income–to be worth $741 million. That works out to about $1.5 million for Jay-Z’s stake.
It is really amazing how Jay Z turned a small stake in the arena and team into big time marketing deals for himself and now a budding Sports Agency.