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Jay-Z wants to buy NBA team. The retiring rapper looks to purchase the New Jersey Nets

Jay-Z | BALLER Jay-Z wants a b-ball franchise
Image credit: Jay-Z: Nicholas Khayat/Abaca Press/Newscom
BALLER Jay-Z wants a b-ball franchise

If Jay-Z really is retiring from rap after last week's release of ''The Black Album,'' what will he do with all his free time? Why, run an NBA basketball team, of course. ESPN reports that the Roc-A-Fella mogul is interested in putting in a bid to buy the New Jersey Nets. YankeeNets, the holding company that owns the team, put it up for sale in September; the highest bid among the four offers submitted so far is $275 million.

Even a rapper with as much bling-bling as Jigga may not have $275 million lying around, which is why he's enlisted the services of a New York investment banking firm, Andrew, Alexander, Wise & Co., to see about financing the deal. Meanwhile, he's about to make like the New York Knicks and play at Madison Square Garden. His farewell New York concert will take place there on Tuesday, and sources close to the show tell MTV News that it may include guest performances by the likes of Mary J. Blige, Missy Elliott, Jermaine Dupri, and even Madonna.

Originally posted Nov 21, 2003