Michael Jordan Sells The Hornets for $3 Billion!
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iHeartPodcasts
4.9 • 7.9K Ratings
🗓️ 26 June 2023
⏱️ 9 minutes
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Summary
In this video, we dive into the blockbuster deal where NBA legend Michael Jordan has just sold the Charlotte Hornets for a jaw-dropping $3 billion! We'll explore how His Airness, who initially became the majority owner in 2010, turned the franchise around and why he decided to sell it now.
What to expect in this video:
- A brief history of the Charlotte Hornets under Michael Jordan's ownership
- Insider info on the sale and who the new owners are
- The financial breakdown of the $3 billion deal
- How this sale compares to other NBA team sales in history
- Michael Jordan’s impact on the team and his legacy as an owner
- Reactions from fans, players, and other NBA owners
Stay tuned till the end for expert analysis on what this might mean for the future of the Charlotte Hornets and the NBA as a whole. Whether you're a basketball fan or interested in sports business, this is a must-watch!
Don't forget to like, comment your thoughts, and subscribe for the latest in sports news and analysis!
#MichaelJordan #CharlotteHornets #NBA #BillionDollarDeal
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Transcript
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| 0:00.0 | Michael |
| 0:01.2 | Michael Jeffrey Billy go man the Billy go when it comes to so many different things man, you know |
| 0:07.6 | Has done so much as far as culture sports business |
| 0:11.3 | You know just an iconic person all the way around so he purchased the Charlotte Bob cats |
| 0:17.3 | Yes |
| 0:18.8 | At the time they were called the Charlotte Bob cats |
| 0:21.0 | 2010 and they were called the Charlotte Bob cats because Rob Johnson |
| 0:26.8 | Bob Johnson owner former owner VT |
| 0:30.2 | Who shot the Tyler Perry he just purchased VT |
| 0:33.2 | He named the team and then they renamed it to the Charlotte Hornets. Well, they named it because he after him |
| 0:38.4 | That's what I'm saying his name is Bob. Yeah, Bob Johnson the Bob cats |
| 0:41.9 | Yeah, you know they bought it they changed it to the Charlotte |
| 0:46.8 | Which was an existing franchise in New Orleans, but originally started Charlotte. Yep, and |
| 0:51.2 | Has it really worked out they haven't really been too good |
| 0:54.8 | At all they had a few good years with Kimber was there but the early years with Gerald Wiles Steven Jackson |
| 1:00.6 | They made the playoffs, but it's been down here. It's a great investment formula. Yeah, but so he brought the team for 180 and |
| 1:07.0 | So it's all for three billion. Yeah, now he doesn't get all three billion because he wasn't the only owner in it |
| 1:14.3 | But he was majority owner |
| 1:17.1 | So he's gonna walk away with a nice paycheck. Yeah, so just just really quick so people understand that he bought |
| 1:23.0 | 65% of a Jordi state from Bob Johnson in 2010, right? So that was a hundred and eighty million dollar investment |
| 1:30.2 | Now the reports are saying that is sold for three billion. Yeah, so right. He doesn't get three billion right |
| 1:36.0 | He owned 65% of that, but then in 2019 he also sold shares of it. Yeah, so let's say it got diluted down to 60% |
... |
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