Thursday, October 13, 2005

Jay-Z to buy Arsenal?

The Channel U website is currently running the following story:

"Rapper turned premier businessman, Jay-Z is reportedly in talks to buy a stake of Arsenal football team.

"Shawn 'Jay-Z' Carter is rumoured to have been involved with Arsenal bigwigs to negotiate a deal which would make Jay-Z a major share-holder in the team.

"The 'Gunners' are currently managed by Frenchman Arsène Wenger, and it is believed that they are one of Europe's most exciting attacking teams.

"If the deal is finalised, Jay-Z stands to add yet another successful business venture to already impressive CV.

"Jay-Z is, at the moment, developing his own S. Carter high-end clothing line, and in the spring he introduced a collaboration with Swiss luxury-watch maker Audemars Piguet.

"In addition, after buying out co-founder Damon Dash for $25million, Jay-Z's Rocawear clothing brand is generating around $400 million a year in sales.

"Although Jay-Z has kept his business acomplishments on the downlow, he was recently featured on the cover of the well-respected financial business magazine, 'Fortune'."

1 comment:

  1. Jigga man is on a roll! Is he big in the UK... as far as rappers go? What's the name of his Vodka? Could you imagine going into the Arsenal team shop and buying your rocawear inspired trainers and a bottle of high-end vodka... think of the cross promotional possibilities. He's like an urban Donald Trump... minus the wealthy upbringing. Great Find... I'm sure this is big news over there.