After only a year of business in sin city, Brooklyn rapper Jay-Z has decided to sell the 40/40 sports bar located in Las Vegas, after allegedly failing to make any profit since it first opened in 2007.
Despite the decision to sell the bar, Jay-Z and his partners have no plans to give up the naming rights of the sports bar, and still plan on expanding the franchise around the world.
In a statement released today (Wednesday Aug 27) Hov stated "The sale is a great business decision; we are delighted. We look forward to expanding the brand even further to Chicago and Tokyo."
Details about the price of the sale for the 40/40 club in Las Vegas has not yet been disclosed.
In other news…
COMMENTS
damn...i guess its good that he sold it since he wasnt makin any profit instead of spending even more money tryin to force it to work
make your money Jay.
40 40 is a franchise it was only a year i like jay cause he a buisness man but the way he got rich he makes somethin hot n sell for the quick big money it instead of puttin in the time dot sell make way more moey in the long run n save somethi for your generations down the line i hate datt bout dat nigga white people keep assets like dat so there family is straight black people think bout themselves n sell nigga u got 300 mill 1 club not makin alot of money not gone hurt you but i bet the white man he sold it to gone make money whether it be now or te years from now
^^^ What??? Maybe you should finish Elementary and learn your basic English before postin shit on here
The majority of all businesses don't make money their first year.Jay-Z is making a poor business decision by selling it.
Everybody keeps saying he's making poor business decissions but yall fail to realize that it's expensive as shit to own and operate and establishment in Vegas.
I'm quite sure he and his financial advisors sat down and crunched the numbers multiple times and decided they could make a helliva lot more by selling the BAR but keeping the rights to the name!
Shit...all bars and food services companies DREAM OF FRANCHISING THEIR BRAND!
That's where the REAL MONEY IS AT!
~Be Eazy!
jay is prolly the smartest business man at least in the rap industry if not one of the smartest in the world. this way he can still get royalty money for the name, n still focus on expanding the franchise around the world. its a ballin ass club but there r too many ballin places in vegas. its a good move.
on a side note how funny is al sharpton throwin up the roc!!!
I'm confused. I thought he sold half his share in the Vegas branch for $44 Million. Does this mean he decided to let go of the other half also, or was the earlier story not accurate? PEACE Come check out The Livin' Large Show w/ Bobby Livin', and Tony Large Fridays 11am-1pm EST at www.clubmegamix.com. You'll like it. Listening to "Hump On You" by Busta Rhymes
I'm confused. I thought he sold half his share in the Vegas branch for $44 Million. Does this mean he decided to let go of the other half also, or was the earlier story not accurate? PEACE Come check out The Livin' Large Show w/ Bobby Livin', and Tony Large Fridays 11am-1pm EST at www.clubmegamix.com. You'll like it. Listening to "Hump On You" by Busta Rhymes
Lol jay's net worth is 100 times higher than weezy's
Lol jay's net worth is 100 times higher than weezy's
hov is rich he dont need any more profit lol
but he loves gettin money, cant blame em
MAKIN HIS MONEY..
Shyt oh well, more money
hoviS GOING BROKE
Well I guess you won't have to worry about Plies going broke since he has a college degree to lean back on LMAO.
Top 5 in his class! A true "goon"!
jay stay on the grind !!!
what the hell is jay and bron lookin at in the 3rd pic?
make that money nigga u do need one in the chi tho
Didn't DS report this earlier?? saying that it WAS making money and he was selling it to venture it to other markets like taking it overseas??
Jay is still the richest. That list is based on what they grossed last year. And seriously, before you tell someone to step their game up, be on their level first. Numbers 1, 2 and 3 are worth hundreds of millions of dollars.
Nigga stfu n do the math, 50 cent is makin more money then Jay-z rite now, n his only been n the game for 4 years but he still out shine jay-z whos been in it for about 10 years, think about it, if 50 cent made all this money in 4 years thinkin about how much he will make it 6 more years, Jay-z need to step his game up, how u gona let a rookie out shine u
dude i understand ur a fifty fan but ur wrong fifty is not the richese u dummy he was just the richest that year do u get DA RICHEST THAT YEAR IN 08 FAG HOV IS AT OVER 700 MILL NOW WIT THE LIVE NATION AND FIFTY SURPASS DIDDY AND IS AROUND650 AND DIDDY WELL DIDDY IS LAST EMBARASSING AND HE BEEN DOING IT LONGER BUT YEA HOUSTON UR WRONG HOV IS STILL THE RICHES GOOGLE IT NIGGA LOL AND IT DOESENT MATTER KUZ IN 08 HES GONNA REACH A BILLI U ADD THE NUBERS THE PROFIT HES GONNA MAKE FROM THE NETS ARTFul dodger money 40/40 money roc money bp3 money starting live nation deal etc etc u know the fucking rest so dont post shyt u dont know bout how fifty richer than hov and shyt wat a dummy before this year started hov was a 100 and change million better than both fif and diddy and fifty earned 150 mill this year and jay earned 120 mill so therfore he cant pass him add it up nigga
i dont even fucking care stop worrying bout they money u damn hater shyt does it matter if fif not richer than hov r u his publicist
@ Houston:
I'm not gonna argue any farther with you because you obviously don't understand anything I just said. LMAO @ Hov needing to step his game up!
Houston, do you even have a job kid?
Don't talk about finances when you don't even know how they work pal.
50 got his cash from that Vitamin Water deal, and if that had not happened, he probably wouldn't be living in CT no more.
Beyonce looks sexyyy as helllllllllllll in that picturee dammm lol
Fuck u talkin bout? 50 been in the game for a while, first album came out in 2002. If u know math, thats almost 7 years. And 50 IS NOT the richest rapper. He just made 150,000,000 LAST year.
HOV is still the richest. Dude is worth like 800 mill, and will be rap's first billionaire.
50 WAS worth 100 mill like 2 years ago. Matter of fact, Diddy, Russell, Dre, Em, and Cube are worth more than 50.
Do the research first before stating false info.
My nigga i look this shit up, jay-z n diddy got knock off by 50 cent, stop hatin on 50 cent n give this nigga some credit, plus 50 cent is creatin a jewelry store, go to forbes they name 50 cent HipHop Cash kings, GG-unit
dude ur wrong wtf are u talking hes not near 800 mill ma nigga trust me hov is richer than fifty u readin the shyt wrong nigga first of all nigga hov been reach 500 mill before fifty did so how the hell u expect him to pass hov in 2 years stop saying stupid shyt then this nigga said hov aint got major deals dude are u stupid before the vitamin water fifty never got a guranteed money they was all network money and profit jay earn money he make his shyt fifty make investment i.e hov sold rocafella to defjam for around 40 mill or sumthn after then he sold rocawear for however much then he owns his own liquor part owner of basketball team and yes he still makes profit of the team from ratings and all dat the nigga damn near sighn 150 mill dollar record deal r u stupid and 35 mill of that was guranteed then he and mary made alotta dough of that tour they did u sound stupid fool alotta people on here cant be wrong dude and i like fifty so is not like i hate the nigga but he not richer go get ur sources correct look it up again
The little kid doesn't realize that list is the income they brought in for THIS YEAR. Not their overall wealth, jackass.
I know what u mean dogg. But the thing is, 50 is the cash king of 2008. Yea he straight up doubled Jays income. But im talkin about overall worth. Jay is almost a billionaire. 50 is not worth more than Hov. But he is one hell of a business man no doubt.
People always comparing 50 to Hova! What people have to understand is that Jay-Z money has been building for almost 20 years now and 50 is a newborn to this getting money shit! If 50 is being compared to Jay's money now then what do people think will happen in about 10 more years he's gonna be filthy!
Yea ur right Jay is not worth 800 mill. Hes actually worth 940 mill. Look it up.
Matter of fact, heres just one source.
http://weblogs.newsday.com/sports/basketball/knicks/blog/2008/08/
got_4_billion_burning_a_hole_i.html
And no major deals? IDK dogg, I mean isnt this article about how he sold the 40/40 club? And do u remember the LiveNation deal worth 150 mill?
y u wasting ur tyme on dat fool hes a dummy hov is last tyme i chechked before this year was a lil under 400 mil from a billie so now that this year is over and he earned 100 mill and change just a lil bit off wat fif made this year that puts him around 200 or 300 mill short of a billie get ur fact str8 fifty will get there tho he 600 or 700 hundred now but hov at 800 900 so stop hating .....O AND I FEEL SORRY FOR PUFF LAST YEAR HE WAS NUBER2 NOW HE JUST NUMBER 3 BEHIND RAPPERS TURN BUSINESS MEN HE MUST FEEL LIKE SHYT AND U KNOW HE GOTTA EGO
He sold the lease to the club not the name. It won't even operate under the 40/40 moniker.
notice lebron in the back in that pic...hov gonna make lebron go 2 the nets when his contract is up in cleveland...
^if he was leaving cleveland he would go 2 a good team not the shitty nets.......he wants 2 win a ring and he has a better chance with the cavs not the nets.
I HOPE HE HELP DAME OUT WIT SOME MONEY SINCE HE FUCKED HIM OVER
Hov is a men among boys...they should throw his face on the dollar bill sometime soon haha
Damn. They bring one to the chi Imma stay broke. Imma be there every night.
Also, I wonder how much he sold it for?
^^is he selling it for?^^my mistake
I thought he already sold it to the Maloofs last month and overseas right or sumthin
44 mil this was up on august 13th look in the links above
Dang 44mil? dats crazy
i thought he sold 50% cent of it
YEA HE DID BUT NOW I THINK HE SOLD THE WHOLE SHYT AND JUST HAVE RYTS TO THE NAME
Jay jus gettin richer...dats all, all in the plan to get the Yankees...Learn it.
ReDef.
Hov just be playin monopoly...
guy is an true success story
word on that AJ
BILLIONAIRE!
Shout out Savannah 912...still waitin on that Jeezy album!...
Hov always doing it big. Even doing Beyonce...haha jp. but not really
check out my review on The Game's L.A.X. on my bball and rap blog
http://hamexpress.net/2008/08/29/lax-the-game/
HE Should Have Waited Longer To Sell It....Was Any One Promoting The Klub Right...Was They Having Events, After Parties And Such.....I Dont Really Think Jay Was Hands On With This Too Much Becasue Its On The Other Side Of The Country..But Its His Money
I just got back from Vegas, got a home boi who stay's out there and we were hittin up all the hot spots and I asked him about 40/40 and he said it doesn't really get poppin at 40/40. Smart move.
HOVA WENT FROM A BOY II A MAN!
....80baby
Jay-z Dope boy fresh nice chess move ...I'm on the outside lookin in...!!!
Real MOB moves....stay tighht my nig