Jay-Z Reportedly Bidding on the N.J. Nets

[VermontDem2004]

Music rap performer Jay-Z has retained the New York City investment banking firm of Andrew, Alexander,Wise and Co. to explore the possibility of making a bid to purchase the New Jersey Nets, sources told ESPN.

The YankeeNets holding company, which runs the franchise, put it up for auction in September and is now receiving bids.

A spokesman for Jay-Z declined comment to ESPN.

The Newark Star Ledger reported last week that New York developer Bruce Ratner had emerged as the high bidder for the Nets with an offer of $275 million.

http://sports.espn.go.com/nba/news/story?id=1666119&partnersite=espn

[VermontDem2004]

1. kick

:kick:

[THUNDER HANDS]

2. thanks for kicking this

Veeery interesting.

I don't care who buys the Nets as long as someone with money gets the team and improves them.

They need a new arena, a better marketing strategy to attract more fans and a higher profile.

I hope Jay-Z buying the team could help that.