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Jay-Z releases statement on the Brooklyn Nets and his having to sell his ownership shares

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Jason Szenes

With Jay-Z having to relinquish his ownership shares in the Brooklyn Nets, after having taken on his latest venture as a player representative for CAA, the only "statement" -- if you will -- he released on the situation came by way of his penning a rap song called "Open Letter."

In it, he took a shot at his critics, famously calling them "f--king dweebs." Now, though, he has penned a more heartfelt and eloquent statement thanking those who have made his tenure as a minority owner of the Nets a successful and fun experience.

He wrote:

Being a member of the Nets organization surpassed some of my greatest ambitions. It was never about an investment; it was about the NETS and Brooklyn. My job as an owner is over but as a fan it has just begun. I’m a Brooklyn Net forever. It’s been an honor to work with Mikhail Prokhorov, Dmitry Razumov, Christophe Charlier, ONEXIM Sports and Entertainment, Brett Yormark and all the wonderful people involved in making the Nets first class. My sincerest thanks goes to Bruce Ratner, who first introduced the idea of moving the Nets to Brooklyn. A thank you and deepest appreciation goes to the fans. You are the lifeblood of any team.

The Nets have made their mark on the NBA and as they enter a new era, Roc Nation does as well; as we embark on Roc Nation Sports. Our newest endeavor is committed to building the brands of professional athletes as we have done for some of today’s top music artists. For Roc Nation Sports to function at its full potential, NBA rules stipulate that I relinquish my ownership in the Brooklyn Nets. It was a tough decision but as I stated earlier, it’s not about ownership. Congratulations to The Nets on a great season and making the playoffs! I will always be a Brooklyn Net.

That should put any speculation of "hard feelings" to rest, and all but ties up his official movement from Brooklyn Nets minority owner to Brooklyn Nets fan.

via [a hat tip to Ryan Ruocco for the tweet]