Jay-Z To Sell 40/40 Club?
Mogul in talks to sell 50% of his sports bar
Jay-Z celebrated the opening of his sports bar in December 2007 with his wife Beyonce and her sister Solange. Reportedly less than a year on he is in talks with Las Vegas Sands Corporation who currently own the Venetian and the Palazzo, for them to buy 50% of the clubs stakes for a massive $44 million. Allegedly the club failed to make profit and with bad press coverage this would be the best move. This move could potentially give the club global appeal as there are already plots in Tokyo and Atlantic City. Sources have dubbed the venue the largest sports booking operation as people can gamble both on the tables and on games shown on the plasmas covering the venues walls. Reporting By Sasha Colbeck