×
You will be redirected back to your article in seconds

Jay-Z to Acquire Ownership Stake in NFL Team (Report)

Jay-Z will soon acquire a “significant ownership interest” in an NFL team, TMZ reported on Friday. The team was not disclosed, but a source told the site the deal will happen in the “near future,” adding that the billionaire rapper “wants to continue to be a change agent for the NFL.” Jay-Z’s company, Roc Nation, recently struck a deal with the NFL encompassing entertainment and social justice.

Contacted by Variety, a rep for the rapper had no comment.

Jay and NFL commissioner Roger Goodell held a press conference announcing the deal on Wednesday, where they were peppered with questions from reporters regarding Jay’s previous criticism of the league and his stance on former San Francisco 49ers quarterback Colin Kaepernick, whose controversial symbolic kneeling during the National Anthem to protest racial inequality in the U.S. has essentially seen him drummed out of the league. Jay largely deflected the questions with statements such as, “I think we’re past kneeling, I think it’s time for action” and by extolling the benefits of “a vehicle that can inspire change and speak to the masses at the same time.”

Such a deal would make Jay-Z the first black team owner in league history, Bleacher Report notes, adding that many insiders say he has long wanted to own an NFL franchise. “The deal with the NFL nudges Jay-Z far closer to that goal, if that indeed is the objective,” said Mike Florio of ProFootballTalk. “He now has a formal relationship with the league, giving other owners a chance to get to know him well, naturally allowing the development of a familiarity that most potential owners never have when they show up and try to buy a team.”

Jay previously owned a share of the NBA’s Brooklyn Nets, in which he purchased a $1 million stake in 2004. He sold his share nine years later for $2.35 million because it conflicted with his Roc Nation Sports management division. Asked about such a conflict with the NFL, sources told TMZ, “Jay is not an NFL agent and does not take part in the operations of the NFL players in Roc Nation.”

Jay has encountered a wave of criticism over the deal, the likes of which he has not often seen in his career. Multiple critical editorials followed in the days after news of the deal broke, with The Atlantic’s Jemele Hill writing a long article titled “Jay-Z Helped the NFL Banish Colin Kaepernick.

While quarterback himself did not comment directly on the deal, he tweeted a couple of hours after Wednesday’s press conference: “Today marks the three year anniversary of the first time I protested systemic oppression. I continue to work and stand with the people in our fight for liberation, despite those who are trying to erase the movement! The movement has always lived with the people!” He also retweeted statements of support from filmmaker Ava DuVernay, rapper J. Cole and former teammate Eric Reid.

More Music

  • Juice WRLD - Jarad HigginsWireless Festival,

    Juice Wrld Streams Climb Nearly 500% After His Death

    As often happens after an unexpected death, Juice Wrld’s music soared in popularity after his passing on Sunday, with streams climbing nearly 500% on that day alone. On-demand audio streams for the rapper, who died at the age of 21 after suffering a seizure at Chicago’s Midway Airport, climbed 487% on Sunday to more than [...]

  • Harry Styles performs at the Greek

    First Look at Harry Styles' Ticket-Giveaway Bus (EXCLUSIVE)

    Harry Styles announced Tuesday he is partnering with American Express to give away tickets to his concert at the Forum in Los Angeles on Friday — on a special custom bus. At the show, “Harry Styles Fine Line Live: One Night Only!,” the singer is expected to perform his entire new album, which is also [...]

  • NEW YORK, NEW YORK - DECEMBER

    Sting, Bruce Springsteen, John Mellencamp Relive '80s Glory Days at Rainforest Benefit

    Bruce Springsteen and John Mellencamp teamed up for two duets; Debbie Harry and DMC (Darryl McDaniels) collaborated on an epic rap collaboration; and the Eurythmics reunited for a set at Sting and Trudie Styler’s 30th annual Rainforest Benefit at the Beacon Theater in New York City Monday night (Dec. 9). The event  was hosted by [...]

  • Entertainment One

    Entertainment One Teams With Latin Music Management Company Entotal

    Entertainment One (eOne) has partnered with Entotal Agency,  an artist management company co-founded Tom Muzquiz and Jorge Sánchez, with Diego Abaroa. With a roster that includes Fanny Lu, Raquel Sofia, Lupita Infante and Martina La Peligrosa, Entotal specializes in Latin markets and also offers marketing, promotion, social media and public relations services. eOne’s Latin bonafides [...]

  • Weeknd

    The Weeknd Takes Top Two Spots on Rolling Stone Singles Chart

    Fighting off a seasonal surge from Mariah Carey’s “All I Want for Christmas Is You,” The Weeknd’s two new singles topped the Rolling Stone Top 100 songs chart this week. “Heartless” and “Blinding Lights,” both of which dropped last week, rocketed to No. 1 and 2 respectively with more than 40 million streams between them. [...]

  • Pharrell Williams, Nicole AvantThe Black Godfather

    Pharrell Williams and Nicole Avant on Creating New Music for 'The Black Godfather'

    Pharrell Williams is giving viewers an inside look at his songwriting process for “Letter to my Godfather,” a new tune he wrote for “The Black Godfather,” Netflix documentary about legendary music executive Clarence Avant. “Clarence Avant is known as ‘The Black Godfather’ because literally as a black man, he was able to do things that [...]

  • Warner Music Group Logo

    Warner Music, Providence Equity Launch $650 Million Fund to Invest in Song Catalogs

    UPDATED: Warner Music Group and Providence Equity Partners today announced plans to invest in recorded-music and music-publishing catalogs via a newly established platform, Tempo Music Investments, that has raised $650 million. Among the first acquisitions of the venture are selected copyrights of Grammy Award-winning songwriters Jeff Bhasker and Shane McAnally, and Ben Rector. The move [...]

More From Our Brands

Access exclusive content