There are no plans for Jay-Z to become an NFL owner, people connected to NFL ownership and the league office have told CBS Sports.
The idea that Jay-Z has a handshake deal for partial ownership of an NFL team or is on a fast path to having a team of his own is a rumor reported by TMZ, sources told CBS Sports.
In an Aug. 16 article, TMZ reported, “Sources connected to Jay and with direct knowledge tell us … Jay is going to have a ‘significant ownership interest’ in an NFL team.”
On Monday, TMZ had a headline that read, “Jay-Z Will Hire Kaepernick
… When He Buys NFL Team”.
Jay-Z’s Roc Nation agency will become the NFL’s live music entertainment strategist, co-producing the Super Bowl halftime show and choosing who gets to perform in a partnership that brings together two of the country’s biggest brands.
What the deal does not include is any ownership stake or parameters of a potential one, CBS sources said.
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Seventy percent of NFL players are Black but Black owners are almost non-existent. “Seeing a group of controlling partners and limited partners who more closely resemble the demographics of NFL locker rooms is something all parties should embrace,” Jason La Canfora wrote for CBS Sports.
It’s possible that Jay-Z’s deal with the NFL represents a next step in a long-term play to eventually become an owner, NBC Sports reported.
