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Michael Jordan in serious talks to sell his majority stake in the Hornets (UPD: sold)

StreetHawk

Registered User
Sep 30, 2017
26,096
9,685
MMC said:
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Ranked just ahead of the Timberwolves in Forbes valuation who sold in 2021 for $1.5 bill. So he doubled their value to on. Minny was the only team sold between LAC and Houston at $2 & $2.2 bill to when phx/Mil got sold for $4 and $3.5 bill.
 
tarheelhockey

tarheelhockey

Offside Review Specialist
Feb 12, 2010
85,218
138,648
Bojangles Parking Lot
Tank a business for over a decade, walk away with a $2.7 billion profit. Hell of a meritocracy we've got going here.

Anyway, the Hornets have been so unbelievably bad for so long that this can't possibly make them worse. Maybe new ownership gives them a breath of fresh air and they acquire some decent talent for once. I have to think Lamelo has a ton of people in his ear telling him to get the hell out of Charlotte.
 
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kaiser matias

Registered User
Mar 22, 2004
4,722
1,862
tarheelhockey said:
Tank a business for over a decade, walk away with a $2.7 billion profit. Hell of a meritocracy we've got going here.

Anyway, the Hornets have been so unbelievably bad for so long that this can't possibly make them worse. Maybe new ownership gives them a breath of fresh air and they acquire some decent talent for once. I have to think Lamelo has a ton of people in his ear telling him to get the hell out of Charlotte.
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Is leaving Charlotte a realistic option at this time, in terms of the city itself (not factoring in potential destinations)?
 
Mike C

Mike C

Registered User
Jan 24, 2022
10,252
6,653
Indian Trail, N.C.
tarheelhockey said:
Tank a business for over a decade, walk away with a $2.7 billion profit. Hell of a meritocracy we've got going here.

Anyway, the Hornets have been so unbelievably bad for so long that this can't possibly make them worse. Maybe new ownership gives them a breath of fresh air and they acquire some decent talent for once. I have to think Lamelo has a ton of people in his ear telling him to get the hell out of Charlotte.
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George Shinn doing anything these days?
 
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tarheelhockey

tarheelhockey

Offside Review Specialist
Feb 12, 2010
85,218
138,648
Bojangles Parking Lot
kaiser matias said:
Is leaving Charlotte a realistic option at this time, in terms of the city itself (not factoring in potential destinations)?
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I’m not that close to the details of the arena lease etc, but broadly speaking I don’t think anyone would be rioting in the streets if they left. The city has already been through that once, and everything has been steeply downhill with v2.0. If anything, the city would hardly blink if they left while the Panthers were on the upswing. There’s just no momentum at all, no sense that the Hornets are important.
 
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Spring in Fialta

Spring in Fialta

A malign star kept him
Apr 1, 2007
25,294
14,521
Montreal, QC
tarheelhockey said:
Tank a business for over a decade, walk away with a $2.7 billion profit. Hell of a meritocracy we've got going here.

Anyway, the Hornets have been so unbelievably bad for so long that this can't possibly make them worse. Maybe new ownership gives them a breath of fresh air and they acquire some decent talent for once. I have to think Lamelo has a ton of people in his ear telling him to get the hell out of Charlotte.
Click to expand...

Not a business-man but I wonder if the skyrocketing value on sports franchises is related to the fact that sports are pretty much the only live event people will still follow.
 
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HisIceness

HisIceness

This is Hurricanes Hockey
Sep 16, 2010
40,380
70,910
Charlotte
tarheelhockey said:
I’m not that close to the details of the arena lease etc, but broadly speaking I don’t think anyone would be rioting in the streets if they left. The city has already been through that once, and everything has been steeply downhill with v2.0. If anything, the city would hardly blink if they left while the Panthers were on the upswing. There’s just no momentum at all, no sense that the Hornets are important.
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Pretty much. The Hornets name brand change from the Bobcats gave them some momentum but it vanished after the last playoff appearance (2016) and after Kemba Walker left fans gave up. There is some interest with LaMelo but fans lost their shit when they drafted Miller.

The Panthers have some intrigue, the Hornets don't.
 
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oknazevad

Registered User
Dec 12, 2018
470
330
kaiser matias said:
Is leaving Charlotte a realistic option at this time, in terms of the city itself (not factoring in potential destinations)?
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He's not talking about relocating the team. He's referring to the player Lamelo Ball signing elsewhere asap.
 
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