While Michael Jordan is considered one of the greatest of all time for his exploits with the Chicago Bulls, he’s not put in the same category for his role as an NBA team owner. Jordan purchased a majority stake in the then-Charlotte Bobcats, now Charlotte Hornets, in 2010.
During his time as the team’s owner, the Charlotte Hornets failed to make any significant noise in the playoffs, with only two postseason appearances in 2010 and 2016. After he sold his majority stake valued at nearly $3 billion, Jordan faced much criticism for the team’s lack of success, with many running with the narrative of him being a “horrible owner.”
Former Chicago Bulls guard Jay Williams pushed back on that narrative, pointing to the franchise’s financial turnaround under Jordan. He explained how the Bulls legend took a franchise that was losing $30 million per year and turned it profitable in a video shared to Instagram on Monday.
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