3 billion dollar deal – Corriere.it

A champion when he played, but also an excellent businessman. Michael Jordan returns to make news and to talk about s because he sold the Charlotte Hornets, the franchise he had owned for 13 years. Among his choices, in this period, also the call of Marco Belinelliwho wore the blue shirt of the Calabroni in the 2016-2017 season (after the experience at Sacramento Kings and before that to the Atlanta Hawks) playing 74 games and scoring 780 points. MJ, therefore leaves, as reported espn. Or rather, he is preparing to leave because the deal is being finalized. However, the six-time NBA champion is in the final phase of the negotiation with a group led by Gabe Plotkin — former minority owner of the Hornets — and by Rick Schnall — minority owner of the Hawks.

Billionaire business

The whole operation should bring him revenues of 3 billion dollars, definitely a very convenient exit (also in function of the never brilliant results of the team) compared to the 275 million spent in 2010. Approval of the deal by the NBA Board of Governors is now awaited, with Jordan continuing to oversee basketball operations until the NBA Draft on Thursday, June 22, and the start of free agency on July 1. In addition, the former Bulls star will remain part of the franchise with a minority stake.

The negotiation had already been outlined for some time, as reported in mid-March. His Airness in 2020 it had already sold a significant minority stake to Plotkin, founder and chief investment officer of Melvin Capital, and to Daniel Sundheim, founder and chief investment officer of D1 Capital, in 2020. minimum fee, Jordan will no longer be able to have a decision-making role in the club.