False facts about the NBA you always thought were true

Jay Z owns the Brooklyn Nets

It seems like Jay Z has everything. Mad flow. Platinum records. Millions of dollars. Beyoncé. He even owns the Brooklyn Nets! Except that’s one of the few things Jay Z actually doesn’t have.

Hov is an extremely wealthy musician and entrepreneur, but professional sports franchises are too rich even for his blood. At one point, Jay Z owned just one-fifteenth of 1 percent of the Nets, for which his buy-in was reportedly a relatively paltry $1 million. Jay Z sold his share in 2013, and while he no longer owns a piece of the team, he does have a piece of the place where it plays. The Brooklyn Nets take the court at Barclays Arena, of which Jay Z owns one-fifth of 1 percent.