- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Jordan to sell majority stake in Hornets for $3,000,000,000
Posted on 6/17/23 at 3:36 am to sparkinator
Posted on 6/17/23 at 3:36 am to sparkinator
quote:Long term capital gains, my friend. 20%.
By the time he pays his taxes, he’ll barely break even.
1
Posted on 6/17/23 at 6:20 am to beaverfever
quote:
Yeah something isn’t right. Dude should be worth more money than God. He’s apparently made some really bad financial decisions.
He should be worth more, but you don't take anything with you when you die and he's still allegedly worth over a bil. I think he is doing just fine
Posted on 6/17/23 at 6:35 am to PeteRose
Supposedly pete never did
Posted on 6/17/23 at 6:49 am to Swamp Goat
quote:
Do people in this thread m really believe Jordan is hurting for money? Is this a serious conversation? The money that pours in from Nike annually alone is enough for him to gamble damn near whatever he wants. He’s probably just tired of doing a shitty job as an owner and owning a shitty franchise
This thread is full of some dumbass ignorant takes. Dude is and always will be swimming in money. He even has a successful restaurant in Jupiter that Ernie Els and some other golfers own that has a VIP club with people lining up to pay $100k to join. Not even counting the hundreds of millions from Nike every year.
Posted on 6/17/23 at 7:15 am to Strannix
quote:
Strannix
What is wrong with you, stop spamming.
Posted on 6/17/23 at 7:22 am to justaniceguy
quote:
Supposedly pete never did
Ledgers were found. It’s been confirmed that Pete Rose gambled on games he played/managed.
Posted on 6/17/23 at 7:27 am to tigerpimpbot
quote:
This thread is full of some dumbass ignorant takes. Dude is and always will be swimming in money. He even has a successful restaurant in Jupiter that Ernie Els and some other golfers own that has a VIP club with people lining up to pay $100k to join. Not even counting the hundreds of millions from Nike every year.
He's not broke or anywhere close and you're right, he likely never will be.
With that being said don't underestimate how easy it is for someone playing Jordan-like money games to become broke. The more money you have, the more expensive your tastes become...the more expensive your mistakes become.
Most lottery winners don't go broke on McDonald's or buying too many clothes.
Most lottery winners go broke because of the big purchase items (too many houses and cars).
Now Jordan isn't an idiot but the right combo of losses might have prompted this sale.
This post was edited on 6/17/23 at 7:34 am
Posted on 6/17/23 at 7:28 am to Strannix
quote:
Word is he has gambled all the Nike money off
Can’t really happen but just for shits, where is this word coming from?
Posted on 6/17/23 at 7:33 am to sparkinator
quote:
By the time he pays his taxes, he’ll barely break even.
Good, I hope so
Posted on 6/17/23 at 7:33 am to Swamp Goat
quote:He’s not hurting for money but why the hell is he selling the Hornets? Unless we learn he’s making a major investment soon it’s just odd.
Do people in this thread m really believe Jordan is hurting for money? Is this a serious conversation? The money that pours in from Nike annually alone is enough for him to gamble damn near whatever he wants. He’s probably just tired of doing a shitty job as an owner and owning a shitty franchise
Posted on 6/17/23 at 7:38 am to beaverfever
quote:
He’s not hurting for money but why the hell is he selling the Hornets? Unless we learn he’s making a major investment soon it’s just odd.
I mean it’s not a passive investment. He’s a majority owner and on the board of governors. That’s an actual job. Probably just wants to really retire or do other shite
Jordan will never be hurting for money unless he did some horrendous crime or something. If he lost all his cash tommorow there are a number of avenues that he could monetize his brand off of
Posted on 6/17/23 at 7:43 am to wildtigercat93
Why not just make it a passive investment? Is that not an option? I wouldn’t want owning a team to be a full time job either. I’d just want my luxury box and the ability to use the sweet training facilities for my own interest. Maybe just not how he’s wired to be half in.
Posted on 6/17/23 at 7:47 am to beaverfever
quote:
Why not just make it a passive investment? Is that not an option? I wouldn’t want owning a team to be a full time job either. I’d just want my luxury box and the ability to use the sweet training facilities for my own interest. Maybe just not how he’s wired to be half in.
Being a minority owner for those reasons is really silly. Just buy a box. Hell the hornets will easily still give him one
he can get that access at any team in the league, he’s not on stub hub Also the person buying his stake is after the majority stake, so it may have required Jordan’s entire percent to make that happen.
You’re overthinking this. Rich dude doing rich dude things
As a reminder we are talking about Micheal fricking Jordan, not some rich dweeb looking to impress his rich friends with his NBA access
This post was edited on 6/17/23 at 7:49 am
Posted on 6/17/23 at 8:21 am to beaverfever
quote:
Why not just make it a passive investment? Is that not an option? I wouldn’t want owning a team to be a full time job either. I’d just want my luxury box and the ability to use the sweet training facilities for my own interest. Maybe just not how he’s wired to be half in.
I’m guessing he still wants and enjoys a chair at the table of ‘owners’. Whether that is in Charlotte, at the NBA meetings, or whatever.
Yes, guys like him are just wired differently. They have a hard time doing things normally, they have a vision and can’t think outside of that often times.
There also could be tax reasons he is staying involved, I’m not sure.
Posted on 6/17/23 at 8:37 am to Penrod
quote:
Long term capital gains, my friend. 20%.
1031 exchange, my friend. 0%.
This post was edited on 6/17/23 at 9:09 am
Posted on 6/17/23 at 10:02 am to funnystuff
He's the majority owner. He pawns more than 10%. It was reported he bought 65% from the previous owner for around $275 million. Even if he online just 50% that's still $1.5 billion. It was a great investment period.
Posted on 6/17/23 at 10:20 am to beaverfever
quote:
Yeah something isn’t right. Dude should be worth more money than God. He’s apparently made some really bad financial decisions.
Wait. You are saying he has made some really bad financial decisions while posting in a thread discussing his ~15x ROI in the Hornets?
Posted on 6/17/23 at 10:23 am to BeYou
He thinks Jordan needs a minority stake in order to get some shots up in the hornets gym apparently
Posted on 6/17/23 at 10:25 am to RD Dawg
quote:
There is zero chance the Hornets are worth $3 billion.Forbes has 'em at a little over half that much
Those valuations don’t take into account the scarcity of franchises on the market at any given time
Posted on 6/17/23 at 10:34 am to sparkinator
If Jordan is out of money than he’s got extreme problems
His Nike money will never go away
It’s amazing what pro franchises are worth these days
How did George shinn get upside down when he owned hornets pelicans?
His Nike money will never go away
It’s amazing what pro franchises are worth these days
How did George shinn get upside down when he owned hornets pelicans?
Page 3 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News