The Brooklyn Nets will play in the newly built Barclays Center next season, but the very first event will be tonight when Jay-Z does the first of 8 shows in the $4.9 billion sports arena, business and residential complex.

Call it his official homecoming: Jay-Z will perform at the newly built Barclays Center in Brooklyn on Friday night.

The rapper is the co-owner of the Brooklyn Nets (and the) Brooklyn-born Jay-Z will christen the venue, which holds 18,000 seats.

Jay-Z will perform at Barclays through Oct. 6 with the exception of Oct. 2.

That, and this Wall Street Journal article with the headline, “Jay-Z: Bringing Nets to Brooklyn an American dream”, and his buddy Kanye writing lyrics about Kris Humphries that say, “Lucky I ain’t had Jay drop him from the team”, pretty much imply that Jay Z runs the Nets.

In reality he only owns one-fifteenth of one percent (that’s 0.00066666666 percent) of the team. Russian billionaire Mikhail Prokhorov owns 80 percent (and half of Barclays Center). And he didn’t bring them to Brooklyn either. That was already the idea before Jay was ever approached about being an investor. Basically this is like Jay Z bought a plane ticket on Delta and then took credit when it landed.