Jay-Z is looking to take a big step in the sport out of the United States.
The business tycoon is back in the headlines, but it’s not about music or fashion. Reports have emerged suggesting that the rap icon may be strategically positioning himself for a breakthrough in football.
Jay-Z Reportedly Open To Possible Takeover Of English Premier League Team
While Tottenham Hotspur face uncertainty as owner Joe Lewis denies insider trading and securities fraud charges in the US, rumors are swirling that the multi-talented artist is eyeing a potential takeover opportunity.
The 53-year-old is preparing for a bold move to acquire the Premier League giants. Close business associates claim that Jay-Z – whose net worth now exceeds $2.5 billion according to Forbes – and several American investors are prepared to step in if the club’s current owner is convicted of his alleged crimes.
This potential takeover comes thirteen years after the “Reasonable Doubt” artist expressed interest in investing heavily in Spur’s rivals, Arsenal. At the time, he admired Arsenal led by his favorite player, Thierry Henry, but the offer did not materialize.
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However, as co-owner of the Brooklyn Nets in the NBA, Jay-Z has hinted, “I don’t know much about the football business, but in the future, if the right opportunity comes up, then who knows? “
The minor setback hasn’t dampened the hip-hop star’s spirits, as he’s reportedly still hooked on the “beautiful game” in England. According to allies:
“More than a few of the best clubs there – such as Manchester United, Liverpool, and Chelsea – are now under US ownership, and Jay would jump at the chance to control a stake at board level somewhere with Spurs’ global reach. It remains to be seen whether Mr Lewis will walk free. If he doesn’t, Jay has said he wants to be in a position to move quickly if he feels the price is right.”
While Tottenham Hotspur’s estimated market value has seen a slight increase to $2.8 billion (£2.18b) this year, the insider added that Jay-Z believes that achieving this goal is impossible – with the support of fellow investors.
For Lewis, Daily Express reported that the 86-year-old appeared in a New York court to deny 16 counts of securities fraud and three counts of conspiracy.
The indictment relates to alleged “insider trading” offenses between 2013 and 2021. Each charge carries a maximum sentence of five to 25 years in prison if convicted.
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Damian Williams, US Attorney for the Southern District of New York, stated, “He used inside information to compensate his employees or give gifts to his friends and lovers. That’s classic corporate corruption.”
‘Roc-A-Fella Records’ Co-Founder Named Greatest Rapper of All Time
Earlier that year, The Blast reported that “The Blueprint” rapper’s profound impact on the music industry and cultural landscape had been acknowledged. Jay-Z has a career spanning more than three decades with numerous albums, awards and as a critically acclaimed entrepreneur. Its reach extends to fashion, sports management and music streaming.
The father of three is also not just about business given his many philanthropic efforts and activism. This is why, to mark hip-hop’s 50th anniversary, Billboard and Vibe are joining forces for a special countdown to honor the greatest MC of all time. At number one on that list is the President of Roc Nation, living up to his confident statement in his song, “I won’t lose.”
Having achieved 14 Billboard 200 albums No. 1 (the most among solo acts), sold over 140 million records, and earned 24 Grammys, he has undeniably established himself as a dominant force in the music industry.
While guiding artists like Rihanna and Kanye West to millionaire status, the “American Gangster” rapper has also left a lasting impression on the beverage industry with his best-selling liquor brands, D’usse and Armand de Brignac.
Being the first rapper to be inducted into the “Songwriters Hall of Fame” is a testament to Jay-Z’s genius level talent. At the same time, his belief in the potential for everyone to achieve greatness has made him a role model for aspiring artists and entrepreneurs.
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Source: thtrangdai.edu.vn/en/
