Jay Z and longtime manager John Meneilly have reached the grand closing of their business relationship according to The New York Daily News. The nature of their current relationship is unclear with one source saying the split was friendly while another unnamed insider says it was not Meneilly's choice.

Meneilly has been part of Hov's team for years and helped the launch of Roc Nation. In addition he reportedly helped facilitate the deal with Samsung for Hov’s Magna Carta Holy Grail and the sale of Rocawear in 2007.

[NY Daily News]

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