Jay-Z plans on Investing In A Soccer Team

Jay-Z Wants to buy Soccer Team

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  • Jay-Z is interested in buying Tottenham Hotspur FC.

Jay-Z is interested in buying Tottenham Hotspur FC.

A friend of Jay-Z told HIPHOPCNN that if that comes to pass, the rapper may try his hand at purchasing the football team.

On Sunday (July 31), HIPHOPCNN reported that Hov is interested in purchasing Tottenham Hotspur from British billionaire Joe Lewis, whose family trust currently owns the soccer team. Lewis, however, was indicted on 16 counts of securities fraud in the United States.

“More than a few of the very top clubs there – like Manchester United, Liverpool and Chelsea – are now under US ownership and Jay would jump at the chance of a controlling interest at board level somewhere with the global reach of Spurs,” they said. “It remains to be seen whether Mr Lewis will walk away 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.”

The estimated market value of Tottenham Hotspur FC has risen to $2.8billion this year. His friend added that reportedly “[Jay-Z] believes this is achievable, especially with the backing of fellow investors.”

The 53-year-old Bronx rapper Jay Z has tried to buy a London football club before. In 2010, he wanted to be a major investor in Arsenal after revealing he had become a huge fan of the team and Thierry Henry. It was unsuccessful, however, with Jay-Z saying at the time: “I don’t know a lot about the business of soccer but in future, if the right opportunity presented itself, then who knows?”

In 2013, Jay-Z’s Roc Nation brand launched its sports management company, Roc Nation Sports. On July 10 this year, Roc Nation Sports entered a “strategic partnership” with one of the world’s oldest and most prestigious professional leagues, Italy’s Serie A. They promised to raise the league’s profile in North America through an array of “digital content, marketing activations and events.”

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