Jay-z owns 1/15 of 1% of the Nets according to the Nytimes.
- Thread starter duppy_maka
- Start date
This is a new one to add to the BGOLictionary
1. You are 100% right.. their deals are NOTHING like the deals that smaller acts get.. in fact they might have done it just to leverage smaller acts but that's a nother discussion
2. The point is if I am worth $400M why would I take a predatory loan (advance) to manufacture and distribute my product (music) in the first place? It's a business... no really why would anyone do that?
So I see other reports and he's got $1-2 mill tucked here and there braggin about that and I conclude he isn't megarich
3. VERY IMPORTANT POINT: Advance = Loan... not net worth... so in reality this is worse than a label deal because with the label deal he would have been using other people's hard work to pay that loan back.. imo
4. The deal was not for $150M it was for $55-$80M and UP TO $150M... again he has to pay every cent back!!
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ninja is just a marketing tool nothing more, nothing less.
the only problem i have with this is the whole urban look of the nets. all of the clothing look like some rockawear shit instead of an NBA team clothing.
ninja should've stuck with the navy,red,white and grey colors instead of that black and white bullshit.
the logo is atrocious and lacks creativity.
the simple black/white color scheme lacks any type of creativity.
they played it too safe with the logo and color scheme. that shit is wack.
1. You are 100% right.. their deals are NOTHING like the deals that smaller acts get.. in fact they might have done it just to leverage smaller acts but that's a nother discussion
2. The point is if I am worth $400M why would I take a predatory loan (advance) to manufacture and distribute my product (music) in the first place? It's a business... no really why would anyone do that?
So I see other reports and he's got $1-2 mill tucked here and there braggin about that and I conclude he isn't megarich
3. VERY IMPORT POINT: Advance = Loan... not net worth... so in reality this is worse than a label deal because with the label deal he would have been using other people's hard work to pay that loan back.. imo
4. The deal was not for $150M it was for $55-$80M and UP TO $150M... again he has to pay every cent back!!
Whoa you do not have to pay a advance back. That's the money you get for signing to the label. That's like a signing bonus in the NFL. That shit is yours to keep. Advance is not a loan.
And where are you getting he has to pay all of this back? They are making money off everything he does. That's where they will get paid back. Any advance money he gets to produce a tour or produce a album? They aren't seeing that back. You got my dude sounding like he signed to a slave deal. 360 Deals are terrible for the average artists but for a artist of Jay's caliber or Madonna? They're good. They are constantly bringing in money and Live Nation is constantly funding them.
the logo is atrocious and lacks creativity.
the simple black/white color scheme lacks any type of creativity.
they played it too safe with the logo and color scheme. that shit is wack.
lol
the logo is dope in its simplicity and the sales are already showing that.
simmer down.
This is news?????
When Proky bought the nets he bought 80 percent of the team annd forthy percent of the new arena.
jay and brett are the reason the nets are only behind the heat I merchindise sold since the logo was reveal in april.
I posted a link to this already
Also in the link I posted Proky wants Jigga with him when he makes his next purchases a football team
When Proky bought the nets he bought 80 percent of the team annd forthy percent of the new arena.
jay and brett are the reason the nets are only behind the heat I merchindise sold since the logo was reveal in april.
I posted a link to this already
Also in the link I posted Proky wants Jigga with him when he makes his next purchases a football team
You ain't no real Net anyway, if I say Bubbles Hawkins and it don't make you smile a little from the memories
...or you were born after 1958.
Tell that to the Cowboys, Knicks, Yankees, Lakers, Redskins, Mets, Dodgers, etc., etc.
Stop the madness. These teams make $$$$ even in down years.
Even shit teams from the TV revenue alone.
Fixed it for you. I feel you homie.
Calm down. Its a saying. Its like saying "my nigga" even though he ain't really your nigga. What you butt hurt about anyway? Your pussy bleeding this month?
*sigh*
Threads like this send the dick riders in full force.
All Jay has to do is sit next to billionaires or the Mayor for niggas to bow down and worship.
J-Hova (jehovah) indeed.
Fuck the branding bullshit. Not like it aint been done before its just that he's doing it on a higher level.
And we know about the shady dealings that led to the gentrification in BK.
Is he in this for a long term investment or is this just more media hype to boost his ego?
Look at how most of these owners started on the ground floor and now they run shit.
George Steinbrenner was a failed ship builder. Wilpon aint have near the cash as Jigga back then. Most recently Daniel Snyder who was a pauper compared to Jay.
But they turned these teams into long term cash cows for generations to build on.
Maybe Jay had that in mind. But if he doesn't/didn't and just chose to be a marketing tool for the BK Nets, how is his mentality different than most niggas except for the fact that he got money?
Jordan, despite his failures in mgt wants the whole enchilada. Best believe Magic is thinking to own a good chunk of the Dodgers in a few years. Even though Cosby failed to buy NBC he had the guts to try.
Maybe Jay will explain his long term goals with this franchise ( he never has ) which I believe will gain popularity in the years to come.
I hope he 'got his mind right' with his approach although the stans don't care as long as the lame photo ops keep coming.
Threads like this send the dick riders in full force.
All Jay has to do is sit next to billionaires or the Mayor for niggas to bow down and worship.
J-Hova (jehovah) indeed.
Fuck the branding bullshit. Not like it aint been done before its just that he's doing it on a higher level.
And we know about the shady dealings that led to the gentrification in BK.
Is he in this for a long term investment or is this just more media hype to boost his ego?
Look at how most of these owners started on the ground floor and now they run shit.
Wilpon bought a one-percent stake in the Mets in 1980, when Charles Shipman Payson sold the team, with Doubleday & Co. holding the remaining interest. In 1986, Doubleday president Nelson Doubleday, Jr. sold off his company, and he and Wilpon each bought a 50 percent stake in the Mets to become full partners. In 2002, the Wilpon Family purchased the remaining 50% of the Mets from Doubleday for $135 million.
George Steinbrenner was a failed ship builder. Wilpon aint have near the cash as Jigga back then. Most recently Daniel Snyder who was a pauper compared to Jay.
But they turned these teams into long term cash cows for generations to build on.
Maybe Jay had that in mind. But if he doesn't/didn't and just chose to be a marketing tool for the BK Nets, how is his mentality different than most niggas except for the fact that he got money?
Jordan, despite his failures in mgt wants the whole enchilada. Best believe Magic is thinking to own a good chunk of the Dodgers in a few years. Even though Cosby failed to buy NBC he had the guts to try.
Maybe Jay will explain his long term goals with this franchise ( he never has ) which I believe will gain popularity in the years to come.
I hope he 'got his mind right' with his approach although the stans don't care as long as the lame photo ops keep coming.
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Ownership >>>> a paycheck
Some of ya'll are clueless in how TRUE wealth is built
Some of ya'll are clueless in how TRUE wealth is built
Advance money isn't shit like a signing bonus...or else it would be called a signing bonus.
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Tell em why you mad playa
Wow! That's salty?
You just proved my point.
I don't even think you're smart enough to respond to the post.
OP is looking at the article at face value...
READ THE WHOLE ARTICLE....don't worry about how much JAY Z owns, JAY Z has used the NETS as a way to extend his PERSONAL BRAND. They've used him and he has used them, simple....it's a business relationship.
EXAMPLE:
I didn't prove shit.
I was Just pointing out that Jay-Z themed threads are like a magnet to you. Like a moth to a flame, like a knat on a dogs dick you're attracted to the opportunity to cast shade one way or another. Whatever man. You say you ain't salty but you got a bad reputation for hating on this dude...for what reason I do not know.
I didn't prove shit.
I was Just pointing out that Jay-Z themed threads are like a magnet to you. Like a moth to a flame, like a knat on a dogs dick you're attracted to the opportunity to cast shade one way or another. Whatever man. You say you ain't salty but you got a bad reputation for hating on this dude...for what reason I do not know.
I can't fucking comment on a thread now?
Where was the hate I posted?
You didn't even have an intelligent rebuttal to the critique I laid out too busy caping for a dude who would tell you to your face that your life existence isn't equal to one of his daughter's nose hairs.
Plus what attracts YOU to every Jay-Z thread?
If you notice the same people comment in threads based on him.
You and others Jigga nut riders I don't even need to name need to get off this man's dick for real.
most black people ... whether we like to admit it or not are more comfortable working for/with white people. whites are seen as more competent.
thats why people like jay and oprah can be worth hundreds of millions but still attach themselves white folks instead of building independent black businesses.
thats not "hate". thats fact.
oprah staff ...
jay-z/ steve stoute company staff shot
thats why people like jay and oprah can be worth hundreds of millions but still attach themselves white folks instead of building independent black businesses.
thats not "hate". thats fact.
oprah staff ...
jay-z/ steve stoute company staff shot
most black people ... whether we like to admit it or not are more comfortable working for/with white people. whites are seen as more competent.
thats why people like jay and oprah can be worth hundreds of millions but still attach themselves white folks instead of building independent black businesses.
thats not "hate". thats fact.
oprah staff ...
jay-z/ steve stoute company staff shot
Y'all not hearing the man. He gave VERY interesting point.
Yall some brainwashed clowns. SMILE FOR THE CAMERA JONNY BOYS !!
You still don't get still do youI can't fucking comment on a thread now?
Where was the hate I posted?
You didn't even have an intelligent rebuttal to the critique I laid out too busy caping for a dude who would tell you to your face that your life existence isn't equal to one of his daughter's nose hairs.
Plus what attracts YOU to every Jay-Z thread?
If you notice the same people comment in threads based on him.
You and others Jigga nut riders I don't even need to name need to get off this man's dick for real.
I don't care enough about this topic to provide an opinion because I really don't have one. I didn't care about providing you a rebuttal rather intelligent or ignorant neither. I'm not a Jay-Z fan knegrow. You've never seen me defending dude. You swing on his dick more than the so called Jigga dickriders you always attempt to call out. My only purpose was to point out an observation. You took it personal.
Advance money isn't shit like a signing bonus...or else it would be called a signing bonus.
I said it was LIKE a signing bonus. In the NFL, a signing bonus is money you get for signing a contract. IN the record industry, when you sign a record deal the label gives you two options when you get ready to sign. They get a certain amount of "points" per album. In some cases some artists allow for labels to take less points per album and in return have to pay that advance back but unless its agreed upon you do not have to pay no advance back you get for signing a contract. Jay-Z sure as hell doesn't have to do it 10 albums deep I tell you that.
You are being aggressively dumb here. It is an ADVANCE. It is defined by the word itself. It doesn't magically transform into a bonus or payment. It is an advance, on future monies.
Live Nation doesn't pay people hundreds of millions of dollars because they are cool.
Jay certainly framed it as he owned a much larger piece, smart. And he has parlayed that tiny fraction into a significant brand benefit. Win win for both him and the team.
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