Jay-Z Sells Nets Shares [Update]: Roc Nation Mogul LEAVES NETS, Says 'My Job As An Owner Is Over But As a Fan It Has Just Begun'

Jay-Z continues to make headlines this week.  The Roc Nation mogul is "everywhere, you, ain't never there," from Time Magazine's The 100 Most Influential People In the World annual cover to his most recent announcement; his departure as co-owner of the Brooklyn, Nets.

Mstarz News reported April 10 Jay-Z, the "face" and part share owner of the Brooklyn, Nets will now sell his shares to represent sports players as an agent. 

Jay-Z originally alluded to selling his less than 1 percent of Nets shares on his recently released Timberland and Swizz Beats produced track "Open Letter." The song also addressed controversy steaming from a recent anniversary trip to Cuba with wife Beyoncé.

Hov rapped,

"I would have brought the Nets to Brooklyn for free, except I made millions off of you [expletive] dweebs," Carter rapped. "I still own the building, I'm still keeping my seats. If you buy that [expletive], you better keep your receipts."

Foreshadowing or opening in his lyrics is not new for the rap veteran, however Jay-Z confirmed the rumors Thursday, in statement via his website, LifeAndTimes.com. 

Being a member of the Nets organization surpassed some of my greatest ambitions. It was never about an investment; it was about the NETS and Brooklyn. My job as an owner is over but as a fan it has just begun. I'm a Brooklyn Net forever. It's been an honor to work with Mikhail Prokhorov, Dmitry Razumov, Christophe Charlier, ONEXIM Sports and Entertainment, Brett Yormark and all the wonderful people involved in making the Nets first class. My sincerest thanks goes to Bruce Ratner, who first introduced the idea of moving the Nets to Brooklyn. A thank you and deepest appreciation goes to the fans. You are the lifeblood of any team.

The Nets have made their mark on the NBA and as they enter a new era, Roc Nation does as well; as we embark on Roc Nation Sports. Our newest endeavor is committed to building the brands of professional athletes as we have done for some of today's top music artists. For Roc Nation Sports to function at its full potential, NBA rules stipulate that I relinquish my ownership in the Brooklyn Nets. It was a tough decision but as I stated earlier, it's not about ownership. Congratulations to The Nets on a great season and making the playoffs! I will always be a Brooklyn Net.

Forbes reported earlier this month that Carter and CAA signed a deal to represent New York Yankees star second baseman Robinson Cano in upcoming negotiations on a contract that is expected to be worth hundreds of millions of dollars, according to NBA Sports Illustrated.

According to NFL Sports, Jay-Z is in talks to recruit Giants receiver Victor Cruz to sign with CAA.  However, in order to pursue a career as an agent Jay-Z will need to pass NFLPA certification. 

Serving ties with the Nets, is one of many steps to becoming an agent in the NBA.