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Investment Group That Includes Jay-Z Wins Bid For New Jersey Nets

Posted by dailyheights on Friday 23 January 2004 at 4:18 pm

AllHipHop.com reports on the $300 million the new Jersey Nets owners accepted from the investment group including
Bruce Ratner and Jay-Z: "The acceptance means
that group is one step closer to realizing their goal of moving the
team to Jay-Z’s hometown of Brooklyn, New York."

"The sale has sparked criticism from a variety of people … New York Knicks owner James Dolan is reportedly lobbying hard against
bringing the team to New York, while residents in the area expressed
their own concerns about the a proposed $600 million dollar sports
complex…"

"The acceptance of the
$300 million dollar bid ends a bidding war between Jay-Z’s group and a
group led by Charles Kushner and Senator Jon Corzine." … Read full article.

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