TMZ Sports reported that Jay-Z, who co-led Roc Nation's recently announced entertainment and social justice partnership with the NFL, will soon have "significant ownership interest" in a team, according to TMZ Sports.
The team is unknown, but a source told TMZ Sports that the ownership stake will "happen in the near future."
That source also provided reasoning for Jay-Z's reported ownership stake, saying that he's "a huge fan, already has a sports business and wants to continue to be a change agent for the NFL."
Roc Nation, the entertainment company that Jay-Z founded in 2008, "is entering into a multiyear partnership with the NFL to enhance the NFL's live game experiences and to amplify the league's social justice efforts," according to NFL.