I knew when Russell Simmons said the AEG deal with Jay-Z was unfair I knew it was a matter of time before he backed out. And guess what happened.

The embattled governor of New York is accused of using his authority along with a secretive bidding process to select the group, which is made up of several of his friends, in return for political favors. Queens minister Floyd Flake, who has also been subpoenaed in the case, has also dropped his stake in AEG. 

Speculations as to why the two have backed out, point to recent news that top aides in the Governor's office told AEG that the state would "withdraw its support" if they did not submit applications for all of its investors to obtain a gaming license from the New York Lottery. The new rule would mean that Jay-Z would have to provide a detailed rundown of both his and his wife, Beyonce's financial situation. Sources for The Observer say that he was concerned that confidentiality regarding their personal information could not be maintained.

Privacy? I don't believe that for a second.

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