Hip-hop and business mogul Jay-Z is partnering with English soccer star Ashley Cole to open a 40/40 club and other business interests in London, England.
According to Eurweb.com, the two plan to primarily staff the businesses with long-term, unemployed youth. Also, a percentage of the monthly profits will be donated to local charities supporting music and sports projects for children.
“London is one of the most vibrant and exciting cities in the world and the perfect location for our new venue,” Jay-Z said in an NVA statement emailed to Reuters. “I’m excited about working with Ashley and NVA Entertainment Group on a range of new projects and The 40/40 London is going to be the hottest place in town.”
Construction on the project is expected to be begin in the fall and completed in 2012. A lavish, star-studded grand opening is also expected.
