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Monday, October 20, 2014

Reddit co-founder Alexis Ohanian wants to buy Jay-Z’s share of Nets

Alexis Ohanian NetsReddit co-founder Alexis Ohanian is making it known that he would like to purchase Jay-Z’s ownership share in the Brooklyn Nets.

Last week it was reported that Jay-Z will be selling his ownership share in the Nets — an amount less than one percent of the franchise — in order to become a certified NBA agent.

Ohanian, who sold the popular social media site Reddit.com in 2006, is a Brooklyn native and Nets season-ticket holder, according to NetsDaily.com. Ohanian tweeted last week to express his interest in buying Jay-Z’s shares:

Ohanian was also on Bloomberg TV’s “Money Moves” Tuesday where he again expressed his interest in buying Jay-Z’s share of the Nets.

“Absolutely,” answered Ohanian when asked if he would have interest in buying Jay-Z’s share. “In fact, I have tried to make as many public and private overtures as I can to let HOVA know that I would absolutely be honored to buy those shares.”

Nets Daily also says Jay-Z will decide who purchases his share of the team. Jay-Z reportedly paid $1 million for his stake in the team.

You can see Ohanian’s interview with “Money Moves” below. The Nets part comes at the very end:

Image via YouTube



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