Back in February 23, 2010 the New York Governor David Paterson has denied rumors his friendship with Jay-Z which may have influenced him to approve a new race track and casino venture. This is what they are being accused of. Bosses at event promotion company Aqueduct Entertainment Group (AEG) landed a lucrative multi-million dollar contract from New York state officials in January to upgrade the existing Aqueduct Race Track venue and turn it into a top race track and gaming site – known as a racino – the only legal gambling place in the city.
But the ethics surrounding Paterson’s choice of contractor has been called into question after it was revealed Jay-Z holds a seven per cent stake in AEG via his firm Gain Global Investments Network LLC. The rap superstar established a friendship with Paterson after they teamed up to stage his star-studded 9/11 benefit concert at the Big Apple’s Madison Square Garden in September 2009.
Jay-Z signed a deal with AEG executives later that month, but the agreement has prompted a federal investigation into whether Paterson showed unfair favor to AEG’s contract bid as a result of the star’s involvement in the company. AEG spokesman Jonathan Rosen has dismissed the accusations, insisting the hip-hop mogul’s widespread appeal prompted them to court the star.
Rosen tells the New York Post, “Given (Jay-Z’s) superstardom and his long and deep connection to New York, the partners thought he could bring a unique perspective to shaping a facility that would truly be an entertainment destination. The partners were looking to bring in someone who could bring marketing and community advice to the team.”
A spokeswoman for Paterson has also denied the rap connection played a role in the Governor’s decision. She says, “There is absolutely no relationship between Governor Paterson’s friendship with Jay-Z and the choice of AEG.” This sounds almost like the scandal that happed in Detroit, friends helping friends no matter how illegal it is. This is for Jay Z: Be careful don’t let all that power go to your head because what’s goes up must come down!!!!!
My name RiRi RocStarr representing Detroit, Michigan and blogging is what I enjoy doing.. Very intelligent would never put out lies or information that is untrue in regards to anyone. I love reading, reporting and gossiping about entertainment news, in particular Hip Hop. I've always wanted to be involved in the industry in some sort of way but never found my passion until now.... Read more