Jay Z sells stake in Barclays Center

Jay Z is set to make $1.5 million for the sale of his ownership stake in the Barclays Center in Brooklyn, New York, according to a report.

The move comes a few months after the 99 Problems hitmaker sold his minority stake in resident basketball team the Brooklyn Nets to head coach Jason Kidd for $500,000.

Per National Basketball Association rules, the hip hop hitmaker was forced to sell his shares in the team and venue because of his new sports agency - Roc Nation Sports.

The Barclays Center in Brooklyn hosted the MTV Video Music Awards last month (Aug13).