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

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

  1. shastarocket

    shastarocket Contributing Member

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    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...
     
  2. LCAhmed

    LCAhmed Contributing Member

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    Isn't this a conflict of interest?
     
  3. pippendagimp

    pippendagimp Member

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    was magic already part-owner of the fakers when he coached?
     
  4. coffeelover665

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    How can you fire the head coach when he's part owner of the team?
     
  5. dragician

    dragician Member

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    indeed.
     
  6. DieHard Rocket

    DieHard Rocket Contributing Member

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    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.
     
  7. Carl Herrera

    Carl Herrera Contributing Member

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    Why would this be a conflict of interest and a problem?
     
  8. josephnicks

    josephnicks Member

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    i though jay had to sell all his stock when he became an agent..
     
  9. Deckard

    Deckard Blade Runner
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    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?
     
  10. GanjaRocket

    GanjaRocket Member

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    Not at all.
     
  11. LCAhmed

    LCAhmed Contributing Member

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    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.
     
  12. RKREBORN

    RKREBORN Member

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  13. dback816

    dback816 Member

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    Jay Z has a huge nose, wow. Never noticed.
     

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