The mediocre & painful era of Michael Jordan’s NBA ownership has reached the finish line…but not by choice. After a catastrophic bet on Gamestop’s impending bankruptcy went south, Jordan was forced to choose between gargantuan debt payments and the sale of the Charlotte Hornets.
The most interesting part of this saga is not that he chose to sell. That. much was easy. He stood to make $3 Billion. However, selling to Gabe Plotkin of Melvin Capital…the man who got him into this mess in the first place? That’s strange.
In short, Jordan is selling his franchise to the same man who lost him $500 Million in the stock market.
12 Comments
Balls
👍
Good. Screwing the Game Stop short was one of the best and funniest things the internet did in years.
Sad, the guy is a billionaire
Damn why did u fall off?
I think he did the right thing. He was like the nba’s Dan Snyder or urban Meyer
As a hornets fan , good.
Good video, solidky made and well researched, keep doing great.
If you enjoyed, you'll like this one too. I traveled to London to make a video on the NFL's plan to bring a whole division to Europe – https://youtu.be/ifg-9lfQq7c
Lol!
Such facts. LMFAO.
Gambling forced MJ to sell Hornets majority steak that he brought for $300 million at $3 Billion.
Such a loss. 10 times more money MJ got.
He is on streets now. MJ gambling habit is so bad.
hahahahahahahaha.
I love mj
frank how do u think brandon miller will do with the hornets, and whats ur record prediction for the hornets?