Jay-Z's ownership % revealed

[D.Brasco]

It was always rumored his ownership % was pretty low but i didn't know it was this low.

His influence on the project has been wildly disproportionate to his ownership stake — a scant one-fifteenth of one percent of the team. And so is the money he stands to make from it.

http://www.nytimes.com/2012/08/16/nyreg ... wanted=all

It's crazy because there are people out there who actually think he owns the team, it's crazy how much larger his perception of influence on the team is than reality.

[enetric]

I have heard 1.5% previously but never more. I wonder if there is a screw up here and its actually 1.5%. Not that this is major. I think most here know here is a minor owner.

[NyCeEvO]

He originally had 1.5% but it was diluted when Proky purchased the team.

[enetric]

Really? Why would it have been? Proky's shares were bought from Ratner's shares werent they? I never heard that.

[DarkXaero]

That article gives some really good insight on Jay-Z's influence. Jay-Z is great for us.