Divided by Sports, United by $3,000,000,000: How the 10-Figure Amount Has Changed the Lives of Michael Jordan and Tiger Woods Within Two Weeks

Published 06/18/2023, 3:30 PM EDT

After months of speculation and rumors, billionaire NBA legend Michael Jordan has finally sold his majority share in the Charlotte Hornets. It didn’t come as a surprise as the Hornets sale dominated the majority of the headlines over the past week. However, there have been similar dealings that have changed the sporting world recently. One of them happens to be the PGA and Liv Golf merger which left numerous golfing legends like Tiger Woods greatly disappointed.

Interestingly, the amount of money involved in both deals is roughly the same which connects old friends Jordan and Woods yet again.

How does a certain amount of money connect Michael Jordan and Tiger Woods?

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Six-time NBA champion Michael Jordan’s business acumen is as great as his Hall of Fame NBA career. After all, he has built a sneaker empire which helped him achieve the billionaire status. Moreover, he recently sold his majority stake in the Charlotte Hornets for a huge profit.

Prior to this huge sale update, the Liv Golf and PGA merger was doing the rounds of the internet. The two rivals announced their merger which left legends like Tiger Woods and Rory McIlroy very disappointed. In fact, Woods had rejected a huge $800 million contract offer from the Saudi-backed Liv Golf.

They were using their platforms to wage a war against Liv Golf. However, their efforts were in vain as the historic $3 billion merger was announced on the 6th of June.

Incidentally, this is the amount Jordan received from the Hornets’ sale. Michael Jordan sold his majority stakes to a group featuring millionaire rapper J Cole for roughly $3 billion according to Forbes and other sources.

Jordan made a huge profit through the sale

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Charlotte Hornets, the team based in North Carolina, was owned by Michael Jordan for well over a decade. The Chicago Bulls legend had a minority stake since 2006 and he bought a majority stake in 2010. Following years of disappointing results and intense scrutiny of MJ, he has finally made the sale.

The billionaire made a huge profit having paid just $175 in 2010. He became the first former NBA player to own a majority stake and he still remains the only Black majority owner.

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What are your thoughts on the Charlotte Hornets sale? Let us know in the comments below.

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Written by:

Abhinava Ghosh is an NBA writer at EssentiallySports with a wealth of experience covering the league. He has written over 1400 articles for EssentiallySports, showcasing his expertise in analyzing and reporting on NBA trade rumors, injury updates, and the ever-changing dynamics of the league. He had successfully covered the entire Kevin Durant trade saga at Brooklyn, which led to the basketball legend’s move to the Desert.

Edited by:

Aayush Kapoor

Divided by Sports, United by $3,000,000,000: How the 10-Figure Amount Has Changed the Lives of Michael Jordan and Tiger Woods Within Two Weeks

How does a certain amount of money connect Michael Jordan and Tiger Woods?

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Jordan made a huge profit through the sale