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Life, Its All Ladders


North Aleng

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he's just one of many shareholders

he's just a good face for them

wmsw

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The Daily News reported that Jay-Z invested $1 million in the team, while the Post pegged his holdings at 1.5 percent (based on FORBES’ valuations of the team, such a stake would have been worth about $4.2 million in 2005 and worth about $4.6 million today). Though the two reports seem to contradict each other at first glance, they both make sense under the scenario that Jay-Z invested $1 million and received a 1.5 percent stake, demanding a deep discount on his purchase because he knew that the Nets wanted an A-list star in their court.

:/

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