Jay-Z is selling his club, 40/40
by 
Roberta on August 27th, 2008
[Image Credit: NRK P3 via Flickr]
Rumors were floating around earlier this month that Jay-Z was closing his club, 40/40. Well this rumor is confirmed!
Only he’s not closing per se, he’s actually selling the place. Him and his partners said today that they are selling the club in Las Vegas for an ‘undisclosed amount’.
The new buyer will have to change the name, as they won’t get that under the terms of the sale. There was no reason given for the sale of the club, but I bet it has something to do with the disgruntled employees filing complaints against them.
Jay-Z says, “The sale is a great business decision, we are delighted. We look forward to expanding the brand even further to Chicago and Tokyo.”
Tags: club 40/40, Jay-Z| 2.8 |
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POSTED IN: Jay-Z
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