1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

[ESPN] Kidd to buy portion of Jay Z's minority shares in Nets

Discussion in 'NBA Dish' started by shastarocket, Sep 5, 2013.

Tags:
  1. shastarocket

    shastarocket Contributing Member

    Joined:
    Jul 18, 2006
    Messages:
    13,773
    Likes Received:
    1,082
    http://espn.go.com/new-york/nba/story/_/id/9633845/jason-kidd-buy-stake-brooklyn-nets-jay-z

    Kind of weird that coaches can own part of the team, but players cannot...
     
    #1 shastarocket, Sep 5, 2013
  2. LCAhmed

    LCAhmed Contributing Member

    Joined:
    Nov 10, 2009
    Messages:
    11,034
    Likes Received:
    1,631
    Isn't this a conflict of interest?
     
    #2 LCAhmed, Sep 5, 2013
  3. pippendagimp

    pippendagimp Member

    Joined:
    Sep 1, 2000
    Messages:
    27,035
    Likes Received:
    21,270
    was magic already part-owner of the fakers when he coached?
     
    #3 pippendagimp, Sep 5, 2013
  4. coffeelover665

    coffeelover665 Member

    Joined:
    Dec 14, 2012
    Messages:
    1,018
    Likes Received:
    59
    How can you fire the head coach when he's part owner of the team?
     
    #4 coffeelover665, Sep 5, 2013
  5. dragician

    dragician Member

    Joined:
    Feb 27, 2011
    Messages:
    3,990
    Likes Received:
    131
    indeed.
     
    #5 dragician, Sep 5, 2013
  6. DieHard Rocket

    DieHard Rocket Contributing Member

    Joined:
    Sep 9, 2000
    Messages:
    9,386
    Likes Received:
    1,114
    He's not going to be a controlling stakeholder so no, I don't think this is a conflict of interest. Pro teams generally have many minority stakeholders that have no say in the management of the team - it's strictly a financial investment for them.
     
    #6 DieHard Rocket, Sep 5, 2013
  7. Carl Herrera

    Carl Herrera Contributing Member

    Joined:
    Feb 16, 2007
    Messages:
    45,153
    Likes Received:
    21,570
    Why would this be a conflict of interest and a problem?
     
    #7 Carl Herrera, Sep 5, 2013
  8. josephnicks

    josephnicks Member

    Joined:
    Oct 21, 2010
    Messages:
    3,900
    Likes Received:
    253
    i though jay had to sell all his stock when he became an agent..
     
    #8 josephnicks, Sep 5, 2013
  9. Deckard

    Deckard Blade Runner
    Supporting Member

    Joined:
    Mar 28, 2002
    Messages:
    56,814
    Likes Received:
    39,126
    That was the first thing I thought of. Sure, the percentage Kidd is buying is tiny, but still, wouldn't that make firing him awkward?
     
    #9 Deckard, Sep 5, 2013
  10. GanjaRocket

    GanjaRocket Member

    Joined:
    Nov 21, 2012
    Messages:
    3,557
    Likes Received:
    106
    Not at all.
     
    #10 GanjaRocket, Sep 5, 2013
  11. LCAhmed

    LCAhmed Contributing Member

    Joined:
    Nov 10, 2009
    Messages:
    11,034
    Likes Received:
    1,631
    I guess it's like getting stock options on your company when you get brought on. Technically you're investing in the company that invested in you. Sports world.
     
    #11 LCAhmed, Sep 5, 2013
  12. RKREBORN

    RKREBORN Member

    Joined:
    Jul 24, 2006
    Messages:
    9,909
    Likes Received:
    10,875
    [​IMG]
     
    #12 RKREBORN, Sep 5, 2013
  13. dback816

    dback816 Member

    Joined:
    Oct 21, 2003
    Messages:
    4,506
    Likes Received:
    160
    Jay Z has a huge nose, wow. Never noticed.
     
    #13 dback816, Sep 5, 2013
(You must log in or sign up to post here.)

Share This Page

Toggle Width
Style
ClutchFans Original

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Rockets Content

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now