Jay Z writes an open letter explaining the end of his Brooklyn Nets ownership

Recording artists Jay-Z and wife Beyonce attend the game between the Brooklyn Nets and the New York Knicks at Barclays Center. Nets won in overtime 96-89. (Debby Wong-USA TODAY Sports)

Recording artists Jay-Z and wife Beyonce attend the game between the Brooklyn Nets and the New York Knicks at Barclays Center. Nets won in overtime 96-89. (Debby Wong-USA TODAY Sports)

Jay-Z recently announced the launch of his very own sports agency, Roc Nation Sports. With the jump into the agency industry, Shawn Carter had to relinquish his stake in the Brooklyn Nets organization.

He has received his fair share of criticism since the announcement. Fans have knocked him for leaving the team, while agents have called him out prematurely for not having the qualifications to be an agent.

[Related: Time Magazine named Jay-Z one of the 100 most influential people in the world]

But the man himself is not hearing any of that. In his letter, he makes sure the world understands how thankful he is for the opportunity he had with the Nets franchise. Carter also dives into what it meant to be working with the likes of billionaire Nets owner Mikhail Prokhorov.

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.

Like anything Carter has ever done, he immediately sets his sights forward, towards the next stone sitting as-yet-unturned. He has blazed so many career paths in his life that he makes it look easy by now.

The man may have 99 problems, but now, well, the Nets are no longer one of them.

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