Shawn “Jay-Z” Carter’s stake in the NFL is growing.
According to a report from TMZ, Carter is going to become part owner of a team.
The report, which cited unidentified sources close to the star, didn’t specify which team but said he has “significant ownership interest” and “it is going to happen in the near future.”
The timeline is — of course — uncertain, but the news does come after Carter and the NFL announced a joint partnership centered around social justice.
The initiative, announced earlier this week, is part of the NFL’s Inspire Change program and will allow Carter’s entertainment company, Roc Nation, to be a co-producer of the Super Bowl halftime show, as well as other production of music throughout the season.
Carter said he hopes that by bringing Roc Nation and the NFL together, players and league members can bring about social awareness while giving back to their communities.
“With its global reach, the National Football League has the platform and opportunity to inspire change across the country,” he said. “Roc Nation has shown that entertainment and enacting change are not mutually exclusive ideas — instead, we unify them. This partnership is an opportunity to strengthen the fabric of communities across America.”
The partnership and potential ownership opportunity comes after Carter publicly supported free agent quarterback Colin Kaepernick, who started kneeling during the national anthem during the 2016 season to protest racial and social injustice.
Since 2017, Kaepernick has not been part of an NFL team, which has led some to criticize and boycott the league over alleged collusion against the quarterback.
Kaepernick settled with the NFL over his allegations of collusion, while some artists have decided not to participate in NFL activities over the issue.