Jay-Z Buys California Chrome for $55 Million

empire-sports-jay-z-california-chrome-derby-preakness-triple-crownLOS ANGELES — A rapper and a race horse is not the normal combination in today’s sports world. Not until today, when mega rapper and business mogul, Jay-Z, purchased California Chrome. Mr. Z reportedly paid over $55 million for the Kentucky Derby and Preakness winner. This is great news for the horse racing industry, as they have been seeking some diversity for a while now. Having a rapper who also happens to be black could really open up the sport for an entirely new demographic.

Chrome’s former owner, Steve Coburn, told us while sobbing (his natural state), “I hated to sell the animal, but it is hard to say no to a double nickel in millions. And it is the best thing for horse racing. Our racing community has been pushing to get a rapper involved in ownership for a long time. I could not turn down the chance to give our sport an ethnic boost.” Coburn drew some heat after his horse won the Preakness, saying that the Kentucky Derby hospitality was not what it should have been. Selling a possible Triple Crown winner to a rapper who also owns part of an NBA team, should get him back in the good graces of the Derby crowd.

In a press release, Jay-Z stated he was happy to be a part of such an accepting sports community. “I could not be happier about the reception I have gotten since the news broke. My fellow racehorse owners have welcomed me with open arms. There was the text from Bob, the old white guy with silver hair. The call from Stan, the other old white guy with silver hair. And the email from Connor, the other old white guy with silver hair. These guys have been very supportive.”

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