Editing Jay-Z (section)

=== Sporting business ===
For a decade (2003–2013), Jay-Z enjoyed his role as a part-owner of the [[Brooklyn Nets]] [[National Basketball Association|NBA]] team, having paid a reported $1&nbsp;million for his share, which declined in value to $350,000 in April 2013, based on ''[[Forbes]]'' magazine's valuation of the team.<ref>{{cite news |title=Report: Jay-Z to drop Nets ownership stake, become player agent |publisher=SI.com |url=http://nba.si.com/2013/04/09/jay-z-brooklyn-nets-nba-agent/ |url-status=dead |archive-url=https://web.archive.org/web/20130411194142/http://nba.si.com/2013/04/09/jay-z-brooklyn-nets-nba-agent/ |archive-date=April 11, 2013}}</ref> He encouraged the team's relocation to [[Brooklyn]]'s [[Barclays Center]] (from [[New Jersey]]) in the [[2012–13 NBA season|2012–2013 season]], at which point the team took on the Brooklyn Nets moniker.<ref>{{cite news |last=Brooks |first=Matt |date=September 26, 2011 |title=The Washington Post – Jay-Z: Brooklyn Nets to debut at Barclays Center in 2012 |newspaper=[[The Washington Post]] |url=https://www.washingtonpost.com/blogs/early-lead/post/jay-z-brooklyn-nets-to-debut-at-barclays-center-in-2012/2011/09/26/gIQAeYKVzK_blog.html |url-status=live |access-date=December 6, 2011 |archive-url=https://web.archive.org/web/20130615003555/http://www.washingtonpost.com/blogs/early-lead/post/jay-z-brooklyn-nets-to-debut-at-barclays-center-in-2012/2011/09/26/gIQAeYKVzK_blog.html |archive-date=June 15, 2013}}</ref><ref>{{cite web |date=September 26, 2011 |title=Jay-Z makes it official: 'Brooklyn Nets' for 2012–13 |url=http://www.nba.com/2011/news/09/26/jayz-nets/index.html |url-status=dead |archive-url=https://web.archive.org/web/20110927100456/http://www.nba.com/2011/news/09/26/jayz-nets/index.html |archive-date=September 27, 2011 |access-date=December 6, 2011 |publisher=[[National Basketball Association]]}}</ref>

On April 18, 2013, Jay-Z officially announced through his Life + Times website in a press release that he would be relinquishing his ownership in the Brooklyn Nets.<ref>Jay-Z, [http://lifeandtimes.com/brooklyns-finest "Brooklyn's Finest"] {{webarchive|url=https://web.archive.org/web/20160422213709/http://lifeandtimes.com/brooklyns-finest|date=April 22, 2016}}, ''Life + Times'', April 18, 2013. Retrieved April 18, 2013.</ref> The shares were eventually sold to singer, rapper, actor and entrepreneur [[Will Pan]], making Pan the first American of Taiwanese descent to own a U.S. professional sports franchise.<ref name=":0">{{cite web |date=April 21, 2013 |title=潘瑋柏買下NBA球隊股份 擠身籃網老闆 |url=http://hk.news.yahoo.com/%E6%BD%98%E7%91%8B%E6%9F%8F%E8%B2%B7%E4%B8%8Bnba%E7%90%83%E9%9A%8A%E8%82%A1%E4%BB%BD-%E6%93%A0%E8%BA%AB%E7%B1%83%E7%B6%B2%E8%80%81%E9%97%86-000010328.html |url-status=live |archive-url=https://web.archive.org/web/20130927220210/http://hk.news.yahoo.com/%E6%BD%98%E7%91%8B%E6%9F%8F%E8%B2%B7%E4%B8%8Bnba%E7%90%83%E9%9A%8A%E8%82%A1%E4%BB%BD-%E6%93%A0%E8%BA%AB%E7%B1%83%E7%B6%B2%E8%80%81%E9%97%86-000010328.html |archive-date=September 27, 2013 |access-date=September 5, 2013 |work=Yahoo 新聞香港}}</ref><ref name=":2">{{cite web |title=Pan bought shares of NBA teams place among the Nets owner |url=http://www.best-news.us/news-4362481-Pan-bought-shares-of-NBA-teams-place-among-the-Nets-owner.html |url-status=dead |archive-url=https://web.archive.org/web/20130927120446/http://www.best-news.us/news-4362481-Pan-bought-shares-of-NBA-teams-place-among-the-Nets-owner.html |archive-date=September 27, 2013 |work=best-news.us}}</ref> Jay-Z's cited Pan's athletic background (he was a team captain of his high school basketball team and played in college), his multitude of musical styles, his influence in the Taiwanese American community, and his business acumen and portfolio (including being the founder and chief executive of software company Camigo Media and a co-founder of streetwear boutique N.P.C [New Project Center]), as reasons why his bid was successful.<ref name=":0" /><ref name=":2" />

In September 2013, his stake in [[Barclays Center]] was sold for $1.5&nbsp;million.<ref>{{cite news |last=Ozanian |first=Mike |date=September 17, 2013 |title=Jay Z Set To Get $1.5 Million For His Barclays Center Stake |work=[[Forbes]] |url=https://www.forbes.com/sites/mikeozanian/2013/09/17/jay-z-set-to-get-1-5-millon-for-his-barclays-center-stake/ |url-status=live |access-date=October 30, 2013 |archive-url=https://web.archive.org/web/20131102050807/http://www.forbes.com/sites/mikeozanian/2013/09/17/jay-z-set-to-get-1-5-millon-for-his-barclays-center-stake/ |archive-date=November 2, 2013}}</ref>

On April 2, 2013, [[ESPN]] reported Jay-Z's plans to launch his own sports agency, [[Roc Nation Sports]], with a focus on the representation of various professional athletes. The [[sport management]] group is a partnership with [[Creative Artists Agency]].<ref name="ESPNgo">{{cite news |last=Olney |first=Buster |date=April 2, 2013 |title=Robinson Canó hires Jay-Z |newspaper=ESPN |url=https://www.espn.com/new-york/mlb/story/_/id/9124684/robinson-cano-new-york-yankees-switching-scott-boras-jay-z |url-status=live |access-date=April 3, 2013 |archive-url=https://web.archive.org/web/20130402233610/http://espn.go.com/new-york/mlb/story/_/id/9124684/robinson-cano-new-york-yankees-switching-scott-boras-jay-z |archive-date=April 2, 2013}}</ref>  In conjunction with the agency's launch, [[New York Yankees]]'s second baseman [[Robinson Canó]] left agent [[Scott Boras]] to sign with the company. ESPN also mentioned that Jay-Z himself was planning to be a certified sports agent, first in baseball and eventually in basketball and football. In order to represent clients in basketball, he would have to give up his small share of the [[Brooklyn Nets]].<ref name="ESPNgo" /><ref>{{cite news |last=Goble |first=Corban |date=April 2, 2013 |title=Jay-Z Starts Roc Nation Sports Agency, Signs Yankees Player Robinson Canó |newspaper=PitchforkMedia |url=https://pitchfork.com/news/50168-jay-z-starts-roc-nation-sports-agency-signs-yankees-player-robinson-cano/ |url-status=live |access-date=April 3, 2013 |archive-url=https://web.archive.org/web/20130404092950/http://pitchfork.com/news/50168-jay-z-starts-roc-nation-sports-agency-signs-yankees-player-robinson-cano/ |archive-date=April 4, 2013}}</ref>

In October 2005, he was reported in English media as considering buying a stake of [[Arsenal F.C.]], an English soccer team.<ref>''[http://www.sundaymirror.co.uk/news/tm_objectid=16226328&method=full&siteid=62484&headline=beyonce-s-rapper-lover-is-after-a-piece-of-arse--name_page.html Beyoncé's Rapper Lover Is After A Piece Of Arse: Jay-Z's Footie Bid] {{webarchive|url=https://web.archive.org/web/20080430090205/http://www.sundaymirror.co.uk/news/tm_objectid%3D16226328%26method%3Dfull%26siteid%3D62484%26headline%3Dbeyonce-s-rapper-lover-is-after-a-piece-of-arse--name_page.html|date=April 30, 2008}}'', ''[[Sunday Mirror]]'', October 9, 2005</ref> Through his conglomerate company Gain Global Investments Network LLC, he had an interest estimated between 2 and 7% in the Aqueduct Entertainment Group (AEG) consortium, which in January 2010 was awarded a contract to operate a 4,500-[[slot machine|slot-machine]] [[racino]] at the [[Aqueduct Race Track]]. Jay-Z became interested in the project after [[New York Governor]] [[David Paterson]] who awarded the contract said there had to be an [[affirmative action]] component to the ownership. Jay-Z was initially approached by casino mogul [[Steve Wynn]], who was also bidding on the contract. On March 9, 2010, Jay-Z and Flake withdrew from the project, and Paterson [[recused]] himself from further involvement.<ref>{{cite web |date=March 9, 2010 |title=Rev. Flake, rapper Jay-Z exit sinking Aqueduct bid – crainsnewyork – March 9, 2010 |url=http://www.crainsnewyork.com/article/20100309/REAL_ESTATE/100309862 |url-status=live |archive-url=https://web.archive.org/web/20100311230116/http://www.crainsnewyork.com/article/20100309/REAL_ESTATE/100309862 |archive-date=March 11, 2010 |access-date=September 4, 2010 |publisher=Crainsnewyork.com}}</ref><ref>{{cite news |last=Katz |first=Celeste |date=March 9, 2010 |title=Paterson Recuses Himself From Racino Project – New York Daily News – March 9, 2010 |work=[[Daily News (New York)|Daily News]] |location=New York |url=http://www.nydailynews.com/blogs/dailypolitics/2010/03/paterson-recuses-himself-from.html |url-status=dead |access-date=September 4, 2010 |archive-url=https://web.archive.org/web/20100813110039/http://www.nydailynews.com/blogs/dailypolitics/2010/03/paterson-recuses-himself-from.html |archive-date=August 13, 2010}}</ref>