So you telling me Jordan couldn’t take out a 500 million dollar loan from some bank??? 🧐🤔 cause as you say, that’s all he betted…. Sounds like he didn’t want the team anymore…. 🤷🏾♂️
Whew great call bruh! That's Jordan's betting style, the loan and iou style since college. He tries to never move his money, knowing people will front it to him on GP. He is hard headed. His handler wife looks bored, Jordan looks whooped.
IF YOU'RE POOR YOU CAN GAMBLE JUST TRYING TO PAY MY BILLS, HOWEVER, JORDAN CAN GAMBLE AND AFFORD TO DO THAT! HE'S RICH BILLIONAIRES CAN DO WHATEVER THEY WANT BECAUSE IT'S THEIR MONEY 🎉🎉🎉
Question… If Jordan owed 500 mill and his ownership was worth 2 bill why wouldn’t he only be obligated to sell maybe 25% of his stake to cover his debt?
Michael is unbelievably dumb if he sold on the open market he prolly could’ve made more yet he sold it to the guy who told him about GameStop. What I don’t understand why didn’t he just sell part of his stake to cover the amount of the loan he borrowed. He told plotkin to bet $500m and the guy went and bet more than he was told that ain’t MJ problem
This is not accurate fully. Jordan makes about $250 million give or take a year from Nike. This is because he gets about 5% of the revenue made off the brand. He does have over head, other investments and likely lost $500 million which had been reported.
He, however, did not get fleeced out of the hornets. You have to look at what is happening with the new CBA. It is very punitive with spending over the salary cap going forward. If you want to complete you will likely have to do that. The hornets do not win a lot but they are actually profitable. LaMelo just got a max deal and with some of the other contracts they have, they will likely have to be a tax payer team to compete. Knowing that they are not a championship contender and they won’t actually make money, Jordan is getting out while the getting is good.
I smell 🧢 because if it’s not in writing Jordan wouldn’t have to sell his team that doesn’t make sense if you put money in a stock and it fails you just lose your money
24 Comments
He wasn't fleeced! His partner shorted gamestop. And they all got screwed.
Out of the game? He’s still a billionaire. How is he out of the game?
So you telling me Jordan couldn’t take out a 500 million dollar loan from some bank??? 🧐🤔 cause as you say, that’s all he betted…. Sounds like he didn’t want the team anymore…. 🤷🏾♂️
Rich people problems
why does he sell him his team? if he owes him? wouodnt they just pay jordan more money?
So this dude is saying Jordan don't have 500 M ??
verbal iou doesnt mean anything if there's no contract.
doesnt make sense. if he owed just 500 million, he didnt have to sell his 2 billion worth of shares. lol.
Whew great call bruh! That's Jordan's betting style, the loan and iou style since college. He tries to never move his money, knowing people will front it to him on GP.
He is hard headed. His handler wife looks bored, Jordan looks whooped.
Jordan not a business man.
IF YOU'RE POOR YOU CAN GAMBLE JUST TRYING TO PAY MY BILLS, HOWEVER, JORDAN CAN GAMBLE AND AFFORD TO DO THAT! HE'S RICH BILLIONAIRES CAN DO WHATEVER THEY WANT BECAUSE IT'S THEIR MONEY 🎉🎉🎉
Question… If Jordan owed 500 mill and his ownership was worth 2 bill why wouldn’t he only be obligated to sell maybe 25% of his stake to cover his debt?
Owners sale when they have to sale.
Scottie in the back cheering
NO RECEIPTS!
They prolly Assassinate Jordan like they did Kobe Bryant ….Jeff stibel did Kobe the same way
His first wife is somewhere saying,I'm so glad I don't have to worry about this
playing stupid games yields stupid prizes…
The good news is that Jordan will stop deciding Hornets draft picks.
Yea I would have kept my team forever fuck that gambling
Michael is unbelievably dumb if he sold on the open market he prolly could’ve made more yet he sold it to the guy who told him about GameStop. What I don’t understand why didn’t he just sell part of his stake to cover the amount of the loan he borrowed. He told plotkin to bet $500m and the guy went and bet more than he was told that ain’t MJ problem
This is not accurate fully. Jordan makes about $250 million give or take a year from Nike. This is because he gets about 5% of the revenue made off the brand. He does have over head, other investments and likely lost $500 million which had been reported.
He, however, did not get fleeced out of the hornets. You have to look at what is happening with the new CBA. It is very punitive with spending over the salary cap going forward. If you want to complete you will likely have to do that. The hornets do not win a lot but they are actually profitable. LaMelo just got a max deal and with some of the other contracts they have, they will likely have to be a tax payer team to compete. Knowing that they are not a championship contender and they won’t actually make money, Jordan is getting out while the getting is good.
I smell 🧢 because if it’s not in writing Jordan wouldn’t have to sell his team that doesn’t make sense if you put money in a stock and it fails you just lose your money
Jordan’s other weakness is white people. He way too friendly with those people.