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Reports: Jay Z Cuts Ties With Longtime Business Partner

(AllHipHop News) As Jay Z prepares to hit the road with his wife Beyoncé for the “On The Run” tour, there are reports the Hip Hop mogul may be making that trek without another close member of his inner circle. The New York Daily News reports that Jay and longtime manager John Meneilly have parted ways.

[ALSO READ: Jay Z No Longer Pursuing Extortion Charges Against Former Engineer]

One source revealed to the publication that the split was “amicable and mutual,” while a separate source claims it was not Meneilly’s choice to break from Jay. The decision was apparently made several months ago.

The former Provident Financial executive has reportedly helped navigate the Brooklyn emcee’s business moves for years including the unprecedented Magna Carta Holy Grail Samsung deal last year. Meneilly was also an instrumental player at Jay’s Roc Nation.

[ALSO READ: Jay Z Opens 40/40 Club In Atlanta’s Hartsfield-Jackson Airport]

  • Thanx Nerve

    Do your thang Jay, you know Diddy and Dre are running ahead now. And 50 Cent is learning how to throw a pitch.

    • MR..ASS..TO..MOUTH..

      dre aint running no more he’s pacing the pack.them boys playing catch up now.

      • I_AM_Houston

        real talk. being a part of that apple deal sent dre into another realm business wise. the moves he can make with that extra 800 mill are gonna be very intising to other companies wanting to partner on things etc

      • RightOn

        So whatchusayin is, Detoc aint neva gon happen?

      • Detox has bee a wrap bro

      • Twonpass

        Would you drop an album in this current climate ?

        Detox (maybe 1-3 million in sales)

        Beats by Dre (before the deal) 300 + million in sales

        Tell me

        would you put out an album or concentrate on them Beats…..

      • SBRon

        Yeah, maybe he’ll give some more of it away to already super rich white colleges, while Historically Black Colleges are hurting…

      • D. Rose in the paint

        Those “super rich white colleges” are probably supporting Dre or Jimmy Iovine in some roundabout way…its all politics and business believe me….there is a reason behind that donation. Stop being naiive and open your eyes.

      • SBRon

        What are you talkin’ about?!? “probably supporting Dre or Jimmy Iovine”?!? You just made my point, genius…Neither these already endowment rich colleges, NOR Dre & Iovine need any more $$, but HBC’s could certainly use a joog!! Man, I got kids older than you…Naive?!?

    • RightOn

      Lmao @ pitch

  • Reblogged this on HUEY mix wit RILEY.

  • 5% Hov

    Jay is that nigga.

    From Jaz-O, to Dame, to John Menielly – Its on to the next one,

    I heard motherfuckers saying they made Hov
    Made Hov say, “Ok so, make another Hov”

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  • bigdo

    hmmm.. business is business I suppose…and business at that level is highly cutthroat, but most of those cats in it will say it’s “just business” ….*shrug* I just like the music..I really don’t care for the details like this… it’s for the ‘suits’ not me…