Jay-Z may have to sell Nets stake to rep BASEBALL players

Al Bello

The head of the Major League Baseball Players Association, the players union, said Wednesday that the Nets minority stakeholder may have to sell his interest in the team to be an agent for MLB players. Previously, it was believed that Jay-Z would only have to divest his Nets stake if he wanted to rep NBA players.

Adrian Wojnarowski reported Tuesday that Jay-Z has begun the process of selling his stake.

Liz Mullen of Sports Business Journal reports that Matthew Weiner, the executive director of the MLBPA, hinted strongly that if Jay-Z wants permanent certification, he will have to dump his 0.067 percent stake in the Nets.

"We look forward to getting the application from all the Roc Nation individuals," said Weiner. "We will examine if there are conflict or ownership issues that need to be addressed, including whether Mr. Carter is going to divest an interest in the Nets."

Just as in the NBA, the players union certifies and regulates player agents.

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

Join NetsDaily

You must be a member of NetsDaily to participate.

We have our own Community Guidelines at NetsDaily. You should read them.

Join NetsDaily

You must be a member of NetsDaily to participate.

We have our own Community Guidelines at NetsDaily. You should read them.

Spinner

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9347_tracker