Michael Jordan owns approximately 90 percent of the Charlotte Hornets with the current estimated value of the team at $1.2 billion.
The NBA approved the purchase of the Hornets by Jordan with just $30 million in cash. The then-Bobcats were valued at $275 million at the time of purchase.
The NBA almost certainly would not approve that type of deal today, but the league and global economy were both in a very different place in 2010
The Hornets have typically operated at a loss, but league documents showed Jordan’s fellow owners sent him more than $130 million in revenue assistance between 2012 and 2017.
This is a deal only a GOAT could pull off.
In a rarity, Michael Jordan spoke publicly for 30 minutes today, touching mostly on All-Star preparations.
He briefly discussed Hornets star Kemba Walker and settled a potential debate in only the way he can.
Michael Jordan talks about how the All-Star game will help showcase the Hornets. pic.twitter.com/vR5BS4hxLY
— Steve Reed (@SteveReedAP) February 12, 2019
MJ has a billion reasons to be psyched for All-Star weekend.
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