Why isn't MJ praised for his Intelligence and Business Acumen

[Francis White]

Because Jordan got to his level by turning his back on his fellow man.

What does that even mean? He should hand out money to anyone who asks? This being the coli I knew it was only a matter of time before the pocket watching and haters came in.

 

[mastermind]

What athletes have profited more than Jordan?

I don't think you have an understanding of what conversation is taking place.

 

[scarhead]

Bob Johnson was a terrible sports owner.

And Jordan bought it cheap because of all debt Hornets had due to Johnson being a terrible sports owner.

That is not hating on Jordan either, just making sure that you and others do not try and spin it as some genius move. It wasnt.

Recognizing a distressed asset, buying it cheap, and turning it around (made some questionable roster decisions but at least saw the value of major sports teams were going to rise on a macro level and held on to it) = business acumen.

There are tons of white Wall st. PE funds getting praise for doing exactly the same thing MJ did in principle.

 

[mastermind]

Recognizing a distressed asset, buying it cheap, and turning it around (made some questionable roster decisions but at least saw the value of major sports teams were going to rise on a macro level and held on to it) = business acumen.

There are tons of white Wall st. PE funds getting praise for doing exactly the same thing MJ did in principle.

I am not dissing him at all.

But he was able to spend little on the Hornets because they were in so much debt. It was a great move, but it wasn't the result of a grand hustle. That was my point.

 

[Bryan Danielson]

Considering dude paid like 200 mill tongue ex wife and still continues to win.

Dude paid pennies for the Bobcats, that highway robbery for a team hasn't been seen since Mario Lemieux got the penguins for free

Damn!!! Didn’t know Mario owned the Penguins!!

Had to do some research on that! That’s crazy but also wasn’t exactly that cut and dry.

As a player, they were kinda badly losing money. So bad they asked him to defer some of his salary to keep the team a float.

They almost folded and Mario being he became their highest creditor just made a smart power move.

“fukk giving me the money I’m owed that you can’t pay me back, let me have the TEAM!!”


Damn he played that masterfully

Martha

 

[scarhead]

I am not dissing him at all.

But he was able to spend little on the Hornets because they were in so much debt. It was a great move, but it wasn't the result of a grand hustle. That was my point.

I don’t think you dissed him at all. I agree it wasn’t a culmination of decades long hustle (well, in a way it is because he played the part of Jordan brand ambassador very well and bought the team with the money he generated from it) but as they say, in business you only have to win big once. I also think it was a move that’s very synergistic for both his assets (team value going up) and cashflow (more Nike checks from sponsoring his team with Jordan brand). He really is in a great situation because I read somewhere that the nike checks are somewhere around 80~90 mil yearly so dude has tons of liquid cash and the value of his main asset in NBA franchise went up as well. In fact there are a lot of billionaires who suffer from liquidity problems that sometimes they have to borrow cash against their stocks and holdings as collateral. MJ doesn’t have that problem because of those Nike checks.

 

[Art Barr]

They do not want to highlight Jordan wrote the book on owning your likeness and licensing.
Simply cause they want to fleece everyone the way Jordan would not allow them to do to him.


Art Barr

 

[Raw Lyrics]

Jordan wanted to go with Adidas. Nike was then what reebok is today and was so desperate for a hit that they gave Jordan whatever Faulk negotiated for.

No player after Jordan has been able to get that kind of deal except Steph Curry. You dont think Bron, Shaq, and Magic have that kind of acumen? How come they could get that deal? Its not about acumen its about luck and timing.

Jordans deal basically insured hed get to this level because Nike marketed him as the GOAT and he played like it. And because he was the lynch pin that help Nike grow to what it is now because of on the court play not business cunning.

Jordan's heart was all set on Adidas, however, his parents, specifically his father, urged him that it would be smart business to at least see what Nike was offering.

Jordan didn't have to go, he listened to the advice of his elders and went....that takes acumen (Acumen: the ability to make good judgments).

Also, aside from the gambling (legally and with his own money), he's managed to stay out of any other controversy for 30 plus years in the spotlight. That's not accidental.

 

[Art Barr]

Some same the ex-wife was one of the major driving forces behind it all

stop.
Jordan was Jordan before Juanita, breh.


art barr

 

[Raw Lyrics]

I am not dissing him at all.

But he was able to spend little on the Hornets because they were in so much debt. It was a great move, but it wasn't the result of a grand hustle. That was my point.

Jordan, using a wholesome image (while being the biggest a$$hole in real life) been selling Wheaties, sneakers and Mcdonald's since Reagan was president!!

If that's not hustling on the grandest level, then I don't know what is!!!

 

[beejus]

Some say the ex-wife was one of the major driving forces behind it all

Found these from a couple years ago.

It's well known how bad of a dresser Michael Jordan is. It's not also hard to see that it's only gotten worse since his divorce.

Little known secret is that his ex-wife Jaunita was the brains of the whole Jordan empire. Everything from the size of his logo on a Jordan Brand t-shirt, color of said shirt, to the smallest detail was all run through her approval.

I have a coworker from Chicago who has worked on projects with Jaunita in the past. She said she was nice woman, but she was all about marketing the brand. Making sure he looked good when he stepped out in public and to keep his affairs out of the public eye. My coworker said that "Jaunita got all that divorce money and she earned every penny of it." She also mentioned the suspension for gambling.

Couple more.

When the divorce happened Jaunita took the penthouse condo in downtown Chicago and let Mike keep the mansion. The mansion is clearly larger and worth more money then the penthouse. Jaunita was smart about it though. She knew she'd be able to sell the condo which she did a couple years ago. Mike on the other hand has a 32,000 sq ft mansion that in 2012 was for sale for $29,000,000. 3 years latter it's still on the market, but the asking price is $14,900,000. He can't get rid of the mansion. Jaunita knew that mansion was never going to sell in Chicago. Chicago has money and ballers don't get me wrong, but probably only has a handful of people who could drop that type of money on a property.

Highland Park Home For Sale

I don't know the exact year, but Mike wanted to teach urban kids how to play golf. Mike loves golf and showing kids from the city the sport of golf seems like a good enough deed. Problem is the golf course where his charity was at was no where near the city. So the kids who didn't have money had no way to get to the golf course. Jaunita wanted nothing to do with the golf course or the charity. She knew it was a loss of money. She didn't want her name or money attached with it at all. I tried to find some information about this charity/golf course and couldn't find anything.

Mike might have been the face and name of the brand, but she was really the brains that made it all work.

 

[intruder]

stop.
Jordan was Jordan before Juanita, breh.


art barr

As a player, YES.

But im saying many people say she was one of the most constant contributors to him getting as big as he did from a business perspective. From how he managed his business/endorsements down to the way he dressed back in those days.

Again, this is what i heard.

 

[Art Barr]

What exactly did Jordan do again to receive this business acclaim?

He a billionaire because Nike came up with the GOAT athletic brand and he got a piece of that. I am happy he own some of his rights, but a lot of other people who have left the athletics have done better and been smarter.

you are completely wrong and the only person who is given precedent over mike is magic.
yet mike is actually better than magic, as a business owner.
as mike created all this from his own likeness.


art barr

 

[Art Barr]

As a player, YES.

But im saying many people say she was one of the most constant contributors to him getting as big as he did from a business perspective. From how he managed his business/endorsements down to the way he dressed back in those days.

Again, this is what i heard.

no nikka,...
mike was already mike.
by the time he was a second year player, he already had cease and desist letters and actions about his likeness on terminator mode. That to this day the bulls got so petty. That eventually the once great Michael Jordan back to school folder. Soon became mike is some weird number and no bulls badging. To eventually you do not get a Michael Jordan nuffin connected to the NBA.

the whole league tried to get petty with mike and he still won. This was way before Juanita.

stop it.
mike clowned her too.
he came back for the league minimum and she fell back on divorce because she would have only gotten half of his player minimum salary. She had to wait to finally get broke off and in tha.
it was still controlled by mike admin wise.

art barr

 

[NoGutsNoGLory]

Recognizing a distressed asset, buying it cheap, and turning it around (made some questionable roster decisions but at least saw the value of major sports teams were going to rise on a macro level and held on to it) = business acumen.

There are tons of white Wall st. PE funds getting praise for doing exactly the same thing MJ did in principle.

He didnt turn shyt around the sport just grew.