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Old 01-22-04, 02:50 PM   #1
Gunman tha Great
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Jay-Z's team buys Nets

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shit just has to go through (it will, a buy out hasn't been thrown out by the league in years)

The New Jersey Nets' owners accepted developer Bruce Ratner's $300 million bid for the basketball franchise late Wednesday night, according to team officials. It clears the way for his group, which includes hip-hop impresario Jay-Z, to attempt to move the Nets to Brooklyn.

Jay-Z officially joined Ratner's group in early December, though his exact financial stake has not been made public (see "Jay-Z Aims For Nothing But Nets With Potential Basketball Deal"). Jigga's presence lent credibility and conviction to Ratner's mission to relocate the Nets from New Jersey's swamplands to the New York City borough that no major-league sports franchise has called home since baseball's Brooklyn Dodgers moved to Los Angeles in 1957. The sale will also mark the first time anyone in hip-hop has held an ownership stake in a professional sports franchise, a watershed moment for hip-hop culture.

The only other serious bid for the Nets franchise under consideration was that of a group led by real estate developer Charles Kushner and New Jersey Sen. Jon Corzine.

The sale still needs to be ratified by the team's holding company, YankeeNets, which could happen as early as Friday morning, and by the NBA, which could approve the sale within a month.

Bringing the team to Brooklyn, however, is anything but a slam-dunk for Ratner. Though his group has a detailed plan for commercial and residential development around a proposed arena, it faces community opposition from neighborhood people and businesses facing displacement.



—Joseph Patel

they'll have to throw a few more dollars around to get it into Brooklyn. U can't do anything but respect what Jay is doing for hiphop, no longer can somebody say something dumb like "they all are dumb" or "they're just musicians" Well a M.O.P. and Dame Dash commentary is coming closer and closer
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Old 01-22-04, 05:10 PM   #2
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Once A Hustler Always A Hustler Lol...........
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Old 01-22-04, 05:16 PM   #3
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Diddy gon end up buyin da Knicks next...
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Old 01-22-04, 05:36 PM   #4
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Lol^^ Prob. Then The NBA Might Finally Except Master P lol..................
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Old 01-22-04, 05:41 PM   #5
Mr.Christensen
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as long as the nets new outfits aren provided by rocawear, i dont care
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Old 01-22-04, 05:45 PM   #6
Penskills
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does anyone know how much he invested???
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Old 01-22-04, 05:51 PM   #7
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haha roca jerseys....
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Old 01-22-04, 06:07 PM   #8
X Ecution
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yall heard that diddy will make the mavs jerseys next yr..rite..1
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Old 01-22-04, 06:18 PM   #9
Sublime D
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ah hell yeah..that's actualyl pretty hot..i would loveto see soem roca jerseys...now Diddy gotta buy the knicks and then sign Kobe..I see a new hip hop industry
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Old 01-22-04, 06:47 PM   #10
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Basketball Is A Beautiful Thing Lol
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Old 01-22-04, 06:51 PM   #11
FairInHeight
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yo, jay-z is just buying a team to compensate for all the skills he doesn't have
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Old 01-23-04, 01:59 PM   #12
Gunman tha Great
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Quote:
Originally Posted by FairInHeight
yo, jay-z is just buying a team to compensate for all the skills he doesn't have


what a herb. he won't say how much he invested
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Old 01-22-04, 07:26 PM   #13
Avenge
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^^^^^you're Gay
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Old 01-23-04, 08:24 AM   #14
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that's hot, sucks for NJ though
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Old 01-23-04, 12:43 PM   #15
SWINGAWAY
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jAYZ IS TIGHT
HE IS LIKE SPIKE LEE
BUYIJN ALL THE SHIT IN THE WORLD
SOON IT WILL BE THE JAY Z CHANNEL
INSTED OF SPIKE TV
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