Jay Z & Longtime Business Partner Split

hov.cigarSo much going on in Hov’s camp these days. New York Daily News is reporting that he and his longtime business partner, John Meneilly, have called a quits.

News of Meneilly’s departure started making the rounds shortly before Memorial Day weekend.

For more than a decade Meneilly sat at the center of Jay Z’s inner circle. He is largely credited with navigating the rise of the Rocawear clothing line, which Jay Z sold off for $200 million in 2007 while maintaining marketing and licensing rights. Meneilly is also credited as one of the architects behind Jay Z’s huge deal with Samsung last year, which instantly moved a million copies of the rapper’s “Magna Carta Holy Grail.” Meneilly was also a chief player at Roc Nation, which has grown from a record label to a talent management group that reps Yankee CC Sabathia and former Bronx Bomber Robinson Cano.

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