Jay-Z to make millions through several deals tied to new Barclays Center

Nine years ago Jay-Z invested $1 million for a minority stake in the then New Jersey Nets. That equates to roughly a one-fifteenth of one percent of the team. It may sound like a small percentage, but the New York Times reports he will make millions through several ventures tied to their new arena, Barclays Center. The stadium was built to accommodate the team's move into Brooklyn, New York. The team now changed its name to the Brooklyn Nets.

Here are five ways how will make a significant return on his investment.

1. The Net's new arena, Barclays Center, will open with eight sold out Jay-Z concerts
2. The arena's most exclusive "Vault" suites, for which fans will have to shell out $550,000 a year to have access to, will offer patrons Armand de Brignac champagne. Jay-Z "promotes" and "holds a financial interest" in Armand de Brignac.
3. Jay-Z's 40/40 sports bar/club will open a new location at the Barclays Center
4. Rocawear, Jay-Z's clothing line, will have a store at the arena
5. The Nets employ an advertising agency, Translation, which is half-owned by Jay-Z

1 comment:

  1. Hello! This is my first visit to your blog! We are a group of volunteers and starting
    a new initiative in a community in the same niche.
    Your blog provided us beneficial information
    to work on. You have done a extraordinary job!

    Stop by my webpage; http://www.ev-dragon.com/wiki/index.php?title=Frd_Ranger:_Still_Unquestionably_The_Quality_Truck

    ReplyDelete

Thanks for visiting. Kindly use the below form to drop your comment:

Disclaimer: Opinions expressed in comments are those of the comment writers alone and does not reflect or represent the views of Clicksomemore.