Noone would have ever thought a business deal would be talked about as much as Jay-Z’s 40/40 club in Vegas. Earlier this week we reported that the club had been sold but it seems much of the net has gone crazy with rumours.
There were rumours that the club was shut down due to poor sales but for the record it has been sold and Jay-Z continues to earn money ‘in a drought’.
Jay-Z’s spokesman has spoken to the L.A. Times about the deal and clears up any rumours that the club was sold
“The club was doing good business … It you went there on a weekend you saw it was packed. Maybe, at other times it wasn’t crowded. But that is true everywhere. The club was doing fine. What is going on here is that (40/40′s 24,000 square feet) is valuable real estate, and they came to us with an offer and this was a good business deal.”
