With Sports Venture, Jay-Z Sets Yet Another Precedent For Success

It was one of the biggest sports stories of 2012. With a small yet controversial minority ownership stake in the Brooklyn Nets, Jay-Z helped transformed a franchise beleaguered by disinterest and perennial mediocrity into worldwide acclaim.

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Samuel L. Jackson, John David and Malcolm Washington on ‘The Piano Lesson,’ Family and Legacy

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Samuel L. Jackson, John David and Malcolm Washington on ‘The Piano Lesson,’ Family and Legacy

“Jay-Z’s Influence on the Nets Eclipses His Ownership Stake ,” read a headline in the New York Times dated August 15, weeks before the Nets played their first game in the new Barclays Center.

You could have easily guessed that Jay-Z wasn’t going to stop there. And yet, with his announcement that he’ll represent Robinson Cano — perhaps the best player on the Yankees — in a new deal with CAA and Roc Nation Sports, he has broken another barrier in becoming what Steve Forbes called, “one of the most extraordinary entrepreneurs of our era.”

Photo Credit: NYTimes.com

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