Jay Z’s apparently selling (at least some of) his ownership stake in the Nets to coach Jason Kidd

Jason Kidd is already the head coach of the new-look Brooklyn Nets, and now he will be a partial owner of the team as well.
According to the New York Post, Jay-Z is selling half of his shares of the team to the freshly minted head coach.
Jay-Z, whose real name is Shawn Carter, initially owned .1608% of his hometown team, but was forced to sell all his shares in order to become a certified sports agent. The other half of Jay’s stake has already been purchased by a minority owner of the team.
Kidd will pay approximately $500,000 for a .067% share of the Nets. Kidd’s stake will include part of the recently built Barclay’s Center.

Jason Kidd is already the head coach of the new-look Brooklyn Nets, and now he will be a partial owner of the team as well. According to the New York Post, Jay-Z is selling half of his shares of the team to the freshly minted head coach. Jay-Z, whose real name is Shawn Carter, initially owned .1608% of his hometown team, but was forced to sell all his shares in order to become a certified sports agent. The other half of Jay’s stake has already been purchased by a minority owner of the team. Kidd will pay approximately $500,000 for a .067% share of the Nets. Kidd’s stake will include part of the recently built Barclay’s Center.
Read more at http://www.philly.com/philly/blogs/pattisonave/Jay-Z-sells-.html#Te2rCr6pLtMfkUx7.99