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Thursday, June 26, 2008

Jay-Z Eyes The NY Yankees


By Brandi Hopper

may be expanding his already vast investment portfolio with a stake in baseball. The mogul is looking into buying shares into the New York Yankees.

The former Def Jam president has already made sports hisbusiness as shareholder in the New Jersey Nets basketball team as well as his40/40 sports club franchise - with locations in Manhattan, Atlantic City, Vegas,Tokyo and Macau. His other assets also include his recent $150 milliondeal with Live Nation and his new advertising company with Steve Stoute, among other businessventures.

Jay had also previously been in talks to invest in London soccer teamArsenal Football Club but that fell through in '05.

"I had invested in the Nets, and they (Arsenal bosses)asked me if I was interested in investing. But I get that from time to time,"Jay told London'sTime Out magazine. "Someone toldme yesterday that someone else had a piece of the New York Yankees, 'We wannatalk to you, yadda yadda yadda.' I mean, I love the Yankees so I'm in themiddle of following that through, but sometimes it comes to be nothing. That(Arsenal) was one of the times it came to nothing."

As SOHH previously reported, Jay represented the Nets at this year's NBA Draft Lottery.

In related news Jay-Z is set to perform during this weekend's Glastonbury Festival in the UK. The event is expected to draw crowds of up to 175,000 people.

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