APRIL FOOL: Run This Town - Jay-Z buys the Rivoli Ballroom

UPDATE: As Jay-Z's lawyers would probably want us to clarify before they wake up, this was our April Fools. He's got 99 problems, but getting Armand de Brignac stains out of velvet walls ain't one. As Nic said on Twitter: A to the prizzel, F to the fizzle.

Not that he needs an excuse to visit South East London, but now we have an explanation for why Jay-Z was hanging out in Forest Hill last year. The rapper and businessman has added a majority stake in  the Rivoli Ballroom to his $450 million empire, for an undisclosed sum, after a protracted negotiation.

Jay-Z already owns a nightclub chain (40/40 Club) and a New York gastropub (The Spotted Pig) and BC understands that he intends to leave the iconic Brockley venue unchanged, having fallen in love with it during a 2008 fashion shoot, according to his 2010 autobiography Decoded.

Although the current management team has been asked to stay on and all of the regular events will be allowed to continue, the deal will mean that the Rivoli becomes a regular host venue for new UK artists signed to Roc Nation, the label Jay-Z co-founded. In the short-term though, BC understands that the only change we'll see is an upgrade to the venue's selection of cognacs.

Details are emerging as we write, so we'll update the article this afternoon. With thanks to Crofton Park Decoder for the tip-off.

UPDATE: Reaction on Twitter has been immediate and overwhelmingly positive:




16 comments:

Andy koot said...

Brilliant.. Great to hear this news, especially today...

NAT said...

How will this affect parking on that parade? There are already too few 20 minute spots. What it will it be like when there are stretch Limousines also to cater for can only be imagined.

Brockley Nick said...

Yes, Easter Monday is all about rebirth

Simply Lorna said...

g-u-l-l-i-b-l-e......

Nemo said...

This is *literally* unbelievable!

Brockley Nick said...

I disagree, he's clearly an astute businessman who spotted its potential.

Monkeyboy said...

any news on the signage? *concerned face*

Sheikhyabootie said...

Is this an April Fool joke?

teahound said...

Wow... I read this whilst reading my Guardian goggles and they confirmed it was absolutely true

terrencetrentderby said...

Great news, I heard that Jay Z plans to bring honest fare back to the Rivoli

Dekanube said...

April fool!!!

Monkeyboy said...

yeah right, the PR manger for the Bilderberg Group reputational management account would spend unbilable hours inventing this.

Jenniefer Lopez from the Block said...

april foul's day!!

Anonymous said...

This is dishonest news and should be treated as such.

AliAliAfro said...

I hear he also considered blackheath concert halls but the surveyors report highlighted 99 problems..

Crofton Chris said...

Yes a very funny joke on the expense of others. I have just spoken to the owners who are friends and they have told me that they have had 60 phone calls regarding this, some being quite rude and abusive…Why should they have to put up with this?

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