Jordan possibly selling his stake of the Hornets

[Raw Lyrics]

According to what I’ve been reading when an owner sells a team it’s usually because they are short on cash to continue funding a team that isn’t making them much money. I know Jordan is Uber wealthy, but perhaps not wealthy enough to come close to funding a championship (or playoff) caliber team — over the long term.

 

[Tony D'Amato]

MJ tired of all dem n1ggaz. Melo just wanna make highlights. Gonna have to kiss his azz to stay. NBA players are way too entitled for someone like MJ to want to be around.

Enjoy ya life GAWD. Brand Jordan probably worth more than any team he can buy.

 

[Gritsngravy]

unfortunately he haven’t built a winner in his years with the team, but at the same time I’m surprised he thinking about moving on from the team without at least having some success, have the bobcats/hornets ever make it past the first round

 

[Rev]

According to what I’ve been reading when an owner sells a team it’s usually because they are short on cash to continue funding a team that isn’t making them much money. I know Jordan is Uber wealthy, but perhaps not wealthy enough to come close to funding a championship (or playoff) caliber team — over the long term.

That’s the first thought that comes to my mind too. It’s more so that the franchise has been a money pit in terms of his return on investment.

Maybe the work is no longer worth his time and money. He tried.

Edit: Na I feel like I’m way off. Maybe he doesn’t exactly want to sell but could use the money.

 

[tremonthustler1]

The stake is worth what the buyer is willing to pay for it.

Correct, but if you're gonna overspend for a stake in the team, just try to buy the whole thing.

 

[Gritsngravy]

Stern would have seen the bigger picture

He definitely would’ve rigged a couple of drafts in they favor, if cle can get back to back num 1 picks im sure stern would’ve thrown Jordan a couple of generational players

 

[RubioTheCruel]

According to what I’ve been reading when an owner sells a team it’s usually because they are short on cash to continue funding a team that isn’t making them much money. I know Jordan is Uber wealthy, but perhaps not wealthy enough to come close to funding a championship (or playoff) caliber team — over the long term.

It’s the luxury tax. It’s incredibly punitive and I don’t think MJ has enough liquid to deal with stuff like that. It’s not like he’s sitting on 10 or 15 billy.

 

[FaTaL]

Why??? he worked so damned hard to buy the team!? why not keep it in the family????

people forget mj lost around 500 mil during the GME squeeze

 

[Voice of Reason]

This is Gabe Plotkin

How are these 40 year old obscure cacs becoming billionaires



We need a massive wealth transfer in the form of reparations so we can make these young billionaires.

 

[tremonthustler1]

How are these 40 year old obscure cacs becoming billionaires



We need a massive wealth transfer in the form of reparations so we can make these young billionaires.

Hedge funds and management firms. He was eating good til that GameStop fukkery

 

[FAH1223]

MJ will probably keep a 15-20% or so stake. He can easily get a billion or two off of his selling his majority share.

Marc Lasry just sold his share of the Bucks and he wasn’t even the majority owner. He’s probably getting close to $1 billion.

 

[Lucky_Lefty]

Why??? he worked so damned hard to buy the team!? why not keep it in the family????

Worked? Stern gifted him that shyt for pennies on the dollar after Bob Johnson

 

[Lucky_Lefty]

Why would you celebrate that?

Acting like he’s going to remain pro player when he does get ownership stake. I wouldn’t trust these nikkas on here to run a lemonade stand

 

[lib123]

Like I said, he has other things he can pass on if he chooses and he's not one to let sentimentality affect his decision making.

Some owners sell because that's not what their kids wanna do. If his kids were gonna be cool inheriting the team and running the day to day stuff, they'd be employed right now. Maybe the kids don't even wanna run it. This isn't like the Kroenke's where the family actively is involved other than Stan.

Not including 2 possible expansion teams, we've seen in the last decade, 10 teams go up for sale in some form.

Clippers
Kings
Jazz
Suns
Bucks
Hawks
future Sonics
Rockets
Nets

now Hornets

He has other things to pass down, but the Hornets are his most valuable asset and owning them made him a billionaire. Now isn’t a good time to sell a team given the upcoming new TV deal and potential expansion teams. The owners are going to split the money from the buyers of the expansion teams which could be $7-8 billion.

 

[MikelArteta]

If Jordan gets wemby or scoot my nikka ain’t going nowhere