Shawn “Jay Z” Carter will be the biggest percentage African American owner a football group owner, MTO News has discovered. The 49 year old billionaire is in the midst of acquiring around a five% interest in the Pittsburgh Steelers.
We spoke with two individuals close to the deal who told us that Jigga is in the final stages of shopping for the ownership rights to the Pittsburgh Steelers. The Pittsburgh Steelers will nonetheless be majority owned by the Rooney Family members – led by Art Rooney II – but Jay will now have input into the NFL!!
And the greatest rapper is paying a steep price tag for that ownership. MTO News has discovered that Jay is paying someplace involving $100 and $200M for the interest in the group.
He’s shopping for his interest straight from the Steelers. The five% interest, used to belong to David Tepper, but he was no longer capable to be a minority shareholder in the Pittsburgh Steelers ownership group, as soon as he purchased the Carolina Panthers.
The Steelers ownership group at the moment consists of 18 owners, which includes 5 members of the Rooney Family members (who personal the majority of the group). The most noteworthy non-Rooney ownership members are former Steelers wide receiver John Stallworth and entertainment executive Thomas Tull.
According to a individual close to the circumstance, Jay Z has currently gone by way of the vetting procedure, and the other NFL owners gave him the thumbs up. So the deal is all but carried out.
Now the subsequent query on the plate – will Jay sign Colin Kaepernick to his group???