By Divya
November 27,2022
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According to sources, Jay-Z only owns 1% of the Brooklyn Nets, which he bought for 4.5 million dollars! Roc Nation music may make you think Jay-Z owns more and moved the Nets to Brooklyn!
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Jay-Z's concerts inaugurated Barclays Center. In 2013, he sold his Nets share to start Roc Nation Sports.
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From 2003 to 2013, Jay-Z, aka Sean Carter, owned a little stake of the Nets. He sold to avoid a conflict of interest as a player agent.
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On February 1, 2022, EU-NETS began. Its aim is to build a new training path for managers and professionals who will create, develop, and manage energy communities, which will be crucial to the future.
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The Brooklyn Nets are worth $750 million, 150% more than Bruce Ratner paid for the NBA team in 2004 and more than double what billionaire Mikhail Prokhorov paid in 2010.
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The Brooklyn Nets' billionaire owner, JOE TSAI, made his money in China.
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