Michael Jordan could sell the Hornets and raise his net worth

Probably many people know Michael Jordan as a basketball legend, one of the best players ever. But he also runs a successful business. He has a billion dollar fortune, which he earned after the end of his professional career. And here we are talking not only about a lucrative contract and Nike, but also about the success of the name brand. In fact, there were a lot of successful investments. And even if things are not going well for his team now, Michael has the opportunity to earn 3 billion.

Now many athletes after the end of their professional activities prefer to return as a coach or a member of the management. This allows you to stay on the raft and still earn money. And many players are happy about the arrival of the former star.

But on the other hand, there is also not the most pleasant statistics, which suggests that under Jordan, the Hornets made it to the playoffs only three times, and did not advance further than 1 round. The indicators are not the best, and sometimes were record low.

But all this is accompanied by financial growth. The cost of the franchise is increasing along with the NBA, and over the past 5 years, the amount has doubled, in 10 – 4 times. Of course, first of all, this benefits Michael.

Not so long ago, information was received that the former basketball player intends to sell Charlotte. Earlier there were many rumors around this, and soon they were confirmed. Moreover, a part was already sold a few years ago. Now we are talking about selling an additional stake, which is a natural step in the process. But at the moment there is simply no final decision.

The purchase of the team was in 2010, and sources say that a total of $450 million was allocated for this. Now the negotiation process continues and all the details and prices are not yet known. But if the parties nevertheless agree, then with a high degree of probability Michael will leave the franchise. At the moment, it is known that the cost of the franchise is estimated at 1.7 billion, and this is much more than the initial investment. It is in connection with this that Jordan’s fortune may exceed $3 billion. Besides, now is the best time to make a deal like that.