Jay-Z And Ash Cole's Nightclub Plans

Starting in 2012, all the hottest celebrities will be papped heading to a hot new club - owned by Ashley Cole and Jay-Z!

The duo will be launching the newest venue in the rapper's 40/40 chain next year on London's exclusive Pall Mall.

The exclusive club - where membership starts at £1,000 - will be the latest place for celebrities and WAGs to be spotted, with Beyoncé and Rihanna rumoured to be performing at the launch party next year.

Ashley told The Sun about how excited he is about their plans.

"I'm delighted to be working with Jay-Z. I have grown up listening to his music so to be doing business with him is amazing. The projects will be delivering much-needed funds back into sport and music on a community level."

The club will be staffed by unemployed young people with some of the profits donated to charity.

Jay-Z already has 4 clubs in America, and is confident that the London venue will be hottest place in town!