Jay-Z Ready To Make Another Sports Investment...in British Soccer Club
by Net Income on Sep 13, 2010 10:01 AM EDT
Email
Print
Jay-Z remains a minority investor and more importantly an active presence in the Nets. He and Mikhail Prokhorov worked out the Blueprint from Greatness, you may recall. But word out of London is that he's not satisfied with the NBA alone. He wants a piece of Arsenal, London's legendary soccer club.
In an interview this weekend, Jay made it clear: "We would have to spend much more time in London. Bey knows how much I love sports and has known about my interest in Arsenal for a while. I never want to be a back-seat investor. I want to be on the board, involved in the decision-making… I’m at the stage of my career where I am ready for another investment like this."
That's interesting on a number of levels. For one, Jay is laying out what he wants as a Nets investor. Here's another: the principal owner of Arsenal is Stan Kroenke, who's transferring ownership of the Denver Nuggets to his son, Josh.
- Jay-Z Really Does Want To Invest In Arsenal - Tego Sigel - RWD
56 comments
|
0 recs |
Do you like this story?
Comments
Interesting
Aren’t “football” franchises worth more than basketball ones?
"No one stands on the top of the world. Not you, not me, not even gods. But the unbearable vacancy of the throne in the sky is over. From now on...I will be sitting on it."
And Man U owned by another Russian oligarch
If you haven’t seen one of his yachts, it’s pretty ridiculous. I believe it has a submarine (maybe two) as well as a missile defense system.
Not sure who owns Arsenal.
a missile defense system???
holy CRAP. Link?
"No one stands on the top of the world. Not you, not me, not even gods. But the unbearable vacancy of the throne in the sky is over. From now on...I will be sitting on it."
by MrDollarBills on Sep 13, 2010 2:47 PM EDT up reply actions
Here ya go
http://www.huffingtonpost.com/2010/04/20/abramovich-eclipse-yacht_n_544396.html
I was corrected later in this thread though, that’s not the Man U owner, that’s the Chelsea owner.
Most awesome
Infrared lasers detect the electronic light sensors in nearby cameras, known as charge-coupled devices. When the system detects such a device, it fires a focused beam of light at the camera, disrupting its ability to record a digital image.
Although it's funny
It has the ability to disable cameras, yet the next line is “click here for photos”.
Laser Fail.
elonepb
Actually, Chelsea are owned by the ‘’Russian oligarch’‘, Roman Abramovich. Arsenal are owned by Stan Kroenke, who’s transferring it to his son, Josh. The Glazers own Manchester United, the same guys who owned the Buccaneers.
Man utd
aren’t. You must be thinking of Chelsea. Man U are also in trouble due to the former of very wealthy people buying up other teams. Man City, Blackburn. Man U are owned by the Glazer family who are American I believe.
Yup and Man U is broke
Because the Glaziers took out a 1 billion dollar loan to buy Man U. And their primary source of income was real estate, but we all know how that is right now in this current economy. So they had to sell their best player Renaldo to Real Madrid.
I only know this because im a huge buc fan, and if have seen the Glaziers rip the bucs up like how Ratner did to the Nets. But the Glaziers are starting to spend money again but only on their OWN players from the draft, not FA or RFAs.
Net Income
You seriously have to do your research before posting. Anybody(like me) who follows the Barclays Premier League knows how valuable Arsenal is.
He just said he didn't know.
Are you an American fan or do you live my side of the Atlantic. I think I recognize your name from that foreign nets post a few months back?
shea23
I’m an American fan who is a diehard Premier League fan, even though my team(Hull City) is in the Championship. I know he probably said what you did, but I like to get a reaction out of people when it’s an obvious statement by putting the exact opposite. It’s really no big deal. Just good, clean, fun.
Go Man U!
Anybody else going to the jayz concerts at Yankee stadium? I’m going Tuesday. Let’s hope for Arsenal supporters’ sake that Jay Z isn’t “best friends” with any big name soccer free agents…
by JohnFromLongIsland on Sep 13, 2010 10:07 AM EDT via mobile reply actions
I’m a Real Madrid fan. Zinedine Zidane was the best soccer player ever. As for Brittish teams, I like Liverpool. They’ve got the best fan base in soccer, hands down.
http://www.youtube.com/watch?v=Y7xvegPH_Lw
Impressive. They have the most passionate and loyal fans in all of sports.
Nothing proves your loyalty as a fan more than being a hooligan. Those dudes are animals.
"No one stands on the top of the world. Not you, not me, not even gods. But the unbearable vacancy of the throne in the sky is over. From now on...I will be sitting on it."
by MrDollarBills on Sep 13, 2010 2:50 PM EDT up reply actions
You didn't know who the owner was :P
Seriously though I hate Chelsea.
"involved in decision making"
What has JayZ contributed to the Nets (in terms of strategic decision making)? The only thing HOV is good for is providing some star attraction at Nets corporate functions.
A 1 per cent investment does not normally get someone a board seat. I guess JZ figures that clubs will put him there due to his “star power”. Who will be his next NBA target? Carmelo?
by ispartan on Sep 13, 2010 10:35 AM EDT via mobile reply actions
the Lebron angle...
I tend to think that Lebron stabbed Jay Z in the back by not informing him that he was going to Miami ahead of time, but then again maybe he did if Prokhorov knew what was going to happen.
"No one stands on the top of the world. Not you, not me, not even gods. But the unbearable vacancy of the throne in the sky is over. From now on...I will be sitting on it."
by MrDollarBills on Sep 13, 2010 10:37 AM EDT up reply actions
MrDollarBills
I think Bron was coming here, but something changed his mind in the final day or two. Maybe it was when we couldn’t get Boozer, maybe he really didn’t make up his mind until after he spoke to his mom the morning of ‘’The Decision’‘, or maybe he told Jay to get a Melo or CP3, and then he’ll be here. As i’ve always said: if he’s so happy with Miami, why’d he put an opt out in his contract? Jay knew this all along. Jay probably didn’t say anything so he wouldn’t look like a blubbering idiot.
Bey is.....
Hopefully Bey will bless us in Newark with her presence courtside for a few games.
"No one stands on the top of the world. Not you, not me, not even gods. But the unbearable vacancy of the throne in the sky is over. From now on...I will be sitting on it."
by MrDollarBills on Sep 13, 2010 2:53 PM EDT up reply actions
Nets players could use those hoop- earrings for practice.
Even T-Will could get the ball through one of those rings…
i thnk HOV
is gona do wonders for us when we come to brooklyn…… but you prob wont see him a lot until then…..
in terms of soccer…. thats a great investment….cuz their fans are loyal and crazy… a winning combination…..
by blazin pp face on Sep 13, 2010 11:08 AM EDT reply actions
Manchester United
….is actually owned by Americans, the Glazer Family (same family that owns the Tampa Bay Bucs). Chelsea is the football club owned by a Russian Oligarch (Roman Abromovich). He’s over the top with his extravagance….he’s like Donald Trump to Proky’s Warren Buffet.
Interesting thing about Arsenal (which is the team that I support) is that they are publicly traded on the London Stock Exchange, so there’s nothing stopping Jay from making an investment right now…..however, the rumors are that Stan Kronke is going to buy the majority stake and take the team private.
i disagree
there is no sign that Stan Kroenke is going to take them private in the short or medium term. Especially now that Kroenke has purchased the St Louis Rams but is having to pay over two years. I think Kroenke would be an excellent owner for Arsenal but to say he is going to take them private is mis-informed.
by Yi Of Little Faith on Sep 13, 2010 5:13 PM EDT up reply actions
Gah not Arsenal
As a proud West Ham United fan I despise the likes of Arsenal. If only he wanted to get in on a more likable football franchise.
Sigh
It’s a little early but being the only team left without a single point is not a good sign. Maybe if they didnt have a manager who had the personality of a stone things would be better.
I am a London based Arsenal fan as well as a Nets Fan
I go to the Arsenal home games when they have tickets on general sale but each game is a 60,000 sell out. Arsenal are known to play the most attractive style of football (soccer) and at times it can be balletic.
The ownership of Arsenal is fractured at the moment and there is no overall owner but there are two main stakeholders Stan Kroenke and Alisher Usmanov both own under 29.9% of the club which is what is needed to make an overall bid for Arsenal. There are a number of smaller shareholders.
Net Income i believe it is possible for Jay Z to become a major investor in the club as Lady Bracewell-Smith is looking at divesting of her 15.9% stake in the club and has been looking for a buyer since April with private equity firm Blackstone advising her.
by Yi Of Little Faith on Sep 13, 2010 5:11 PM EDT reply actions
Jay-Z is not rich enough
To own a major stake of Arsenal. The latest Forbes ranking valued Arsenal at $1.18 billion (the 8th richest sports team in the world). On that basis, Lady Bracewell Smith’s stake in the club (15.9%) is worth $187,620,000 million. I’m not Jay’s accountant, but I’m pretty sure he does not have the disposable income to make that sort of investment (or even to lead a group that would make that sort of investment). It’s probably more likely that he would make a token investment and serve as a high profile celebrity investor (Arsenal already have plenty of those).
I'd take it
He’s the wealthiest in his music genre, which is nothing but an over-inflated sense of worth.
It’s known that while Jay-Z may rule the world, his wife is actually the bread winner.
next to soccer
basketball is fast becoming the second most popular global sport. smart investment for jay. wish he went with liverpool though. “you’ll never walk alone”
I remember posting a FanPost(which was sadly taken down) saying that Jay wanted to have more input, and make more decisions, and the few responses I got were that of laughter and mockery. Well……..how about now? Hey, no one’s saying the guy knows a lot about basketball, but, let’s be honest: The guy does seem to want to learn how to operate like a real NBA owner(even if it is minority). He seems very eager. Don’t forget that the moment a free agent comes to us(cough Bron when we arrive in Brooklyn cough), he’ll get all the credit. Sure, Prokhorov has the money, the charisma, etc., but Jay has the connections to provide evverything else. One thing no one talks about is that the new arena in Brooklyn will be named THE BARCLAYS CENTER. The name of the league that Arsenal play in is THE BARCLAYS PREMIER LEAGUE. This could wind up working out for Jay, the Nets, and anyone else involved.
Comments For This Post Are Closed
Secondary Sidebar
User Tools
NBA Playoffs Content Module
Related FanPosts on NetsDaily
FanPosts
Community blog posts and discussion.
