Despite $2,820,000,000 Profit, Michael Jordan Makes 1 Final Decision for Hornets
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Michael Jordan, the outgoing majority owner of the Charlotte Hornets, has made a final decision on who the team will select as the second overall pick in the 2023 NBA draft.
This decision comes as Jordan is finalizing the sale of his majority stake in the Hornets for approximately $3 billion, which will earn him more than $2.8 billion in profits from the sale. This will supersede the profits from his 40-year-long partnership with Nike, which has earned him an estimated $1.3 billion.
Brandon Miller emerges as Charlotte’s top pick
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According to Adrian Wojnarowski, ESPN’s Senior NBA Insider, the Hornets are focusing on Alabama’s Brandon Miller, a standout player from Alabama as their choice at #2. His agility, shooting accuracy and defensive prowess make him a well-rounded player, a trait that is highly sought after in the NBA draft season.
Adrian points out that the Hornets prefer Miller over Henderson due to the presence of a franchise-level point guard, LaMelo Ball, on their roster. Moreover, Miller’s skill set aligns more effectively with the team’s positional needs, making him a valuable fit for the Hornets.
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In the interview he further revealed that Miller’s second meeting with the Hornets reportedly worked out than his first, “This is the first time Michael Jordan, the outgoing majority owner in Charlotte, had a chance to watch Miller in person, to sit down and meet with him. And right now, Brandon Miller continues to be the focus for the Hornets at #2.”
After 13 Troublesome Years, Why Has Michael Jordan Decided To Sell Charlotte Hornets for $3,000,000,000?
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Jordan’s huge profit after selling his majority share of the Hornets
In the year 2010, Jordan assumed majority ownership of the Charlotte Bobcats and subsequently oversaw their rebranding as the Charlotte Hornets in 2014. Now, with the sale of his ownership stake, Jordan has reached a crossroads that will shape the future of the Hornets.
Jordan’s profit from the Hornets is over $2.8 billion, up from his original $275 million investment. He will, however, retain a minority stake in the team, after the official approval of the sale by the league’s board of governors.
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Jordan’s decision could shape the future of the Hornets. The ultimate goal is winning at all costs. Michael Jordan’s interest in Miller is particularly noteworthy, as he has a keen eye for talent and high standards, and rarely misses the mark when it comes to identifying potential stars – even while bowing out!
Edited by:
Aayush Kapoor