Michael Jordan Won Again — Here's The Full Picture

Jordan sold his stake to a group led by Hornets' minority stakeholder Gabe Plotkin and Rick Schnall on Friday. Let's dive right in...

💰Bought the Hornets for $275 million (2010)

💰Sold his stake for $3 billion (2023)

💰 ROI: 990% (10x) | Annualized ROI: 20.2%

𝗧𝗵𝗮𝘁 𝗶𝘀𝗻’𝘁 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝘀𝘁𝗼𝗿𝘆.

Despite the heavy haul, MJ’s on-court success as an owner didn’t quite pan out the way anyone hoped.

🏀 Made the postseason 2x in 13 years & haven’t won a playoff series since 2001-02

🏀 Since 2010, Charlotte never finished higher than 15th in league attendance

🏀 Jordan’s Hornets were among the top 10 highest-spending teams… once (2016-17)

𝗙𝗼𝗼𝗱 𝗳𝗼𝗿 𝘁𝗵𝗼𝘂𝗴𝗵𝘁…

His $3 billion haul is more an indictment on the market than it is on his success as an owner. All told, he got in at the right time — and knew when to shed his stake.

𝗙𝗶𝗻𝗮𝗹 𝗻𝗼𝘁𝗲…

How much higher would that $3B figure be if the Hornets landed the no. 1 pick? (Victor Wembenyama.) ESPN’s Adrian Wojnarowski said in October that drafting Wemby could’ve added another $500 million to the sale 🤯