Jay Z Pulls Another Major Business Move
By: Amanda Anderson-Niles
Jay Z may be in the headlines more as of now for divorce rumors, but the Hip Hop mogul isn’t letting the gossip stop him from making some more serious business moves. In fact, it’s now been confirmed that Jay Z is now moving into the boxing business.
While Roc Nation Sports has yet to sign any boxers, the company made a big move by hiring David Itskowitch to serve as the chief operating officer of its boxing division.
Itskowitch, who said Roc Nation Sports has already secured a promoters license in New York and Washington, D.C., is a highly respected and experienced executive with 18 years in the boxing business.
“This is a serious business for us moving forward, and Dave has one of the great reputations in the boxing industry,” Yormark said, adding that Jay Z and Roc Nation Sports president Juan Perez are big boxing fans. “Hiring him should be a loud and clear statement this is serious for us and that we will do this the right way. We have one of the most respected individuals in the sport leading the charge for us.
“We didn’t wake up yesterday and decide we wanted to get into the boxing business, but our first significant move was to bring Dave into the organization. This is an opportunity for us to change the game. It’s been in the works for the last six or eight months, and now we are making our move. Jay Z has an incredible passion for boxing. We want to take the platform we’ve created and bring that to the boxing industry. We want to bring more money and visibility to the sport and give the boxers opportunities outside the ring.”