Written by @saywooord
Though reports recently revealed Jay-Z’s deal with the NFL granted him an opportunity for partial ownership of a team or the option to have a team of his own one day, it’s now being reported that that is not the case.
According to CBS Sports, multiple people connected to the NFL say the rumors are simply false, adding there are no plans in place for the media mogul to become an NFL owner.
The rumors came in connection to the rapper’s controversial entertainment and social justice deal with Roc Nation and the NFL, which sparked debate over what the deal really means for Jay-Z, the NFL, and Colin Kaepernick.
But apparently, according to CBS, the deal stops short of ownership.
“Those kinds of deals don’t exist in the NFL,” a source told CBS. “There is no ownership component to this arrangement.”
While the publication reports they are not canceling the idea of this happening in the future, the article confirms the deal does not include any ownership stake or parameters for a potential one for Jay-Z.