Shawn “Jay-Z” Carter is looking to divest his share of ownership in the Nets to expand his sports representation business to the NBA, Yahoo reports. Carter’s Roc Nation Sports, which is partnered with powerful Creative Artists Agency, recently secured Yankees second baseman Robinson Cano as a client. The company would need Carter to sell his small share of the Nets to avoid any conflict of interest before securing the NBA and players association’s approval to represent players.
Carter owns less than 1 percent of the Nets but has been their most visible front-office face since the franchise moved to Brooklyn last year. According to Yahoo, Carter would not handle any contract negotiations or day-to-day business with athletes.