Field Marshall Bradley
Veteran
It’s worth like 8 times what he invested in 06... I don’t think he needs the liquid cash.. maybe he wants someone to share the expenses....
since his market or team is growing right now
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Michael Jordan to sell part of Hornets..
- Thread starter Nuke Dukem
- Start date
It’s worth like 8 times what he invested in 06... I don’t think he needs the liquid cash.. maybe he wants someone to share the expenses....
since his market or team is growing right now
He's probably just trying to pocket some profit. He owns like 97% of the team right now.
DoubleClutch
Superstar
He making more off shoes so why not? 
You said he didn't want to pay him.
170 > 140.
I doubt Kemba gets that difference back 5 years from now.
tremonthustler1
aka bx_representer
Not always. What it does mean is that if you do want to sell it, the guys he's selling to now will be first in line.
Scientific
Bacdafucup
Charlotte is on the cusp of being an elite city. It's by no means some small po dunk town. Jordan, as much as we want to see him succeed, shoots himself in the foot outside of the basketball court. His name alone, & his brand, should mean something beyond the apparel.
He’s still majority owner...probably sold like 30-40% of it and made his money back when he bought the team and then some
ALonelyDad
Veteran
He only bought the team for 175 mil, thats crazy
THE MACHINE
night owl
Smart move, no real need in owning close to 100% of a team when you can get what you invested back by letting go of 10-15% and not lose any real authority. I'd probably move close to 30% if i invested 175m and saw what the portion of BK went for. If you can get 500-600m to move 35% why wouldn't you?
Because Michael Jordan has ALWAYS been a catalyst, enforcer, and champion of Black unity, civility, and brotherhood right
If that's the case, isn't he basically just selling his own money? I'm sure he got more than the direct value of that percentage, but it would be worth more over time for him also.
Steinbrenner’s don’t own 100% of the team but the own the most and still run it. Nothing wrong with letting a couple of loyal investors get a little piece. Tho I’m sure investing with Jordan is guaranteed to be a sure win.
Broad Street Bully
Sick & Tide Sixers/Phillies/Cowboys fan smh
And that’s exactly the reason they ain’t give Kemba that bread. Right there. How you gonna give that man 5/170 when you can’t make the playoffs with him as the lead dog? Now I love Kemba, that’s my guy forsure, and their lack of success is definitely not on him whatsoever, but it was best for both sides to go in a different direction.
