Michael Jordan sells minority stake in Hornets Sports & Entertainment

[carolinakid]

Michael Jordan sells minority stake in Hornets Sports & Entertainment

Gabe Plotkin, Daniel Sundheim set to join HSE as partners

www.nba.com

 

[JDS]

I wonder what percentage he actually owned during his tenure as a minority owner.

 

[carolinakid]

no idea here JDS

 

[JDS]

no idea here JDS

My guess would be 10% around that figure. Any idea what the Charlotte Hornets are worth these days ?

 

[carolinakid]

sorry again no idea JDS, the only time i see the hornets is when they come here to play in the colisum

 

[bkbrawler]

My guess would be 10% around that figure. Any idea what the Charlotte Hornets are worth these days ?

I've seen numbers estimating 1.5 billion

 

[JDS]

I've seen numbers estimating 1.5 billion

Thank you so my guesstimation he sold for 150,000,000 which he probably bought in at 50,000,000 franchise easily tripled in the last 20 years even know they haven’t won shit.

 

[bkbrawler]

Thank you so my guesstimation he sold for 150,000,000 which he probably bought in at 50,000,000 franchise easily tripled in the last 20 years even know they haven’t won shit.

It's unbelievable how much sports franchises have increased in value. Tv money is wild.

 

[BMR Genie]

I've seen numbers estimating 1.5 billion

Thank you so my guesstimation he sold for 150,000,000 which he probably bought in at 50,000,000 franchise easily tripled in the last 20 years even know they haven’t won shit.

The interest rate must be the reason why he's selling it, or he is tired of seeing Charlotte losing.

 

[JDS]

It's unbelievable how much sports franchises have increased in value. Tv money is wild.

Yeah it’s unfathomable how dumb money for lack of a better word, can create so much wealth.

 

[Pimike]

Wonder if he lost a lot gambling

 

[bkbrawler]

Read a rumor that he might be interested in f1

 

[jjgold]

Worst owner ever

 

[JDS]

Thank you so my guesstimation he sold for 150,000,000 which he probably bought in at 50,000,000 franchise easily tripled in the last 20 years even know they haven’t won shit.

I was way off lol this franchise 10X in two decades.

 

[53defense]

MJ is a hellova lot better business man than he was a ball player …. And that’s sayin something