Michael Jordan shocked the sports world last week when he announced that he was selling his controlling stake in the Charlotte Hornets at a $3 billion valuation. So today's podcast breaks down how Michael Jordan acquired the team for pennies on the dollar, why they have performed so poorly on the court, and how he's set to make more money on this one deal than his 40-year partnership with Nike. Enjoy!
Ps. I recently launched a sports business community on Microsoft Teams. Join here: https://teams.live.com/l/community/FAAIJe0ERyXmJDuOQw