World famous rapper Jay-Z has a storied history with his close friend and business partner OG Juan Perez. The two first met in 1996 when they were introduced by Kareem Biggs Burke. OG Juan Perez was running the studios with Jay during the record label’s epic run in the 90’s. They have indulged in several business projects together including the record label Roc La Familia, as well as a series of sports bars known as the 40/40 Club. Juan Perez and Jay-Z formed a friendship immediately. Jay has repeatedly referenced Perez in his albums throughout the years and shown a great deal of respect for his close associate.
The 40/40 club is based in New York City and is the foundation of the partnership between Jay-Z and Juan Perez. In the spring of 2013 OG Juan Perez and Jay-Z announced that they would be entering into a another venture together. The two formed Roc Nation Sports. Roc Nation Sports is a sports agency concept that has been a discussion point between Perez and Jay-Z for quite some time. It took years for the idea to be formed into a business plan. They decided to put the concept of sports together with the other entertainment enterprises that were already under the Roc Nation brand. OG Juan Perez is currently the President of Roc Nation Sports. The company is dedicating itself to supporting athletes in a way that they have not been in years past by their management teams. It is a similar concept to why Roc Nation was formed in the first place, to help deal with management issues for performing artist.
The sports agency is dedicated to building the athletes profile within their particular profession and to the general public as well. OG Juan Perez and his wife were subject of the news when Jay Z was rumored to have spent over $100,000 for OG Juan’s birthday. The crew went out as a small group. The entourage included Jay-Z and his wife along with several members of the Roc Nation family. The events were in honor of OG Juan Perez’s 50th birthday. Expenses included a $91,000 bar tab. This was preceded by dinner at the Japanese restaurant Zuma where $13,000 was reportedly spent. Another $9,000 was shelled out at Made in Mexico on Jay-Z’s cognac brand. The story ran wild in the press. However, it was confirmed by Jay-Z himself that OG Juan Perez actually paid the tab for the evening.