Posted on: August 13, 2004 08:49 MST
Filed under: Rap
The vote was unanimous. On Wednesday, Brooklyn-born rapper Jay-Z became an official owner of the New Jersey Nets following approval by the NBA Board of Governors.
Jigga is a minority investor in an ownership group headed by real estate developer Bruce Ratner that will reportedly pay an estimated $300 million for the team.
Ratner hopes to move the team from the Garden State to Brooklyn, and into a new 19,000-seat arena.
Plans for the venue and an office and residential complex have met mixed reaction from area residents.
WAIT... THERE'S MORE STUFF
50 Cent Employee Arrested Again
MTS Centre, Winnipeg - May 26, 2008
Trina Introduces Pink Diamond Clothing, Launches Website
Xzibit's Newborn Son Passes Away Suddenly
The Story Behind Kanye's "Flashing Lights"
Tony Yayo Doles Out Props To Lil' Wayne
Bow Wow To Join HBO's 'Entourage'
Billboard Sweet On Lil Wayne's 'Lollipop'