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Rapper Jay-Z owned a small minority stake in the Nets from 2003 until 2013. Jay-Z was a leader in the marketing for the team and helped encourage their move from New Jersey to the Barclays Center in Brooklyn, in which he also held a stake.
For a decade (2003–2013), Jay-Z enjoyed his role as a part-owner of the Brooklyn Nets NBA team, having paid a reported $1 million for his share, which declined in value to $350,000 in April 2013, based on Forbes magazine's valuation of the team. [177]
Jay-Z bought stakes in the then-New Jersey Nets in 2003, eventually bringing the team back to his hometown of Brooklyn. He also owned stakes in the Barclays Center, the arena where the team holds ...
In 2003, he acquired a minority stake in the Brooklyn Nets. His influence played a key role in the branding and cultural shift of the franchise, including the iconic black-and-white uniforms.
The Brooklyn Nets primary logo from 2012 to 2024, designed by Timothy Morris. The Brooklyn Nets, a professional basketball team based in the New York City borough of Brooklyn, were founded in 1967 and initially played in Teaneck, New Jersey, as the New Jersey Americans, followed by a period spent in Long Island as the New York Nets and later returning to play as the New Jersey Nets.
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In September 2019, Tsai became the owner of the Brooklyn Nets of the NBA and chairman of Barclays Center. He initially invested in the NBA team in October 2017, purchasing a 49% stake in the Nets from Russian billionaire Mikhail Prokhorov in a deal that valued the team at $2.3 billion, with the option to buy the remaining stake of the team no ...