It's official: Michael Jordan surpassed Dan Snyder as the ____ owner in professional sports history

Jordan got paid and his former franchise is worth a lot more money, good for him :)

How exactly is Michael Jordan the “worst” sports owner? It seems as though he bought the Hornets at a cheap price and is selling for a huge profit. He may have also received compensation or dividends from the team over the years as well. I personally don’t care about the NBA myself, but it appears as though he made a smart investment even if the team sucks.

I'm not NBA fan. But how does him profiting make him a bad owner, Rojo?

NBA has 30 teams. NFL has 32 teams. According to Wikipedia, 756 billionaires live in the US alone. Could be a sellers market?

What an idiotic post.

The hornets were never very good at basketball.

Washington had a racist name and trafficked their cheerleaders to the carribean. And that’s only two of the ten thousand things Dan Snyder did wrong.

Even if we just look at the NBA, the worst NBA owner of all time was Donald Sterling. Rojo doesn’t know what he’s talking about.

Yeah I'm changing the title of the thread. Originally Rojo titled it "Michael Jordan surpassed Dan Snyder as the worst owner in professional sports history."
Perhaps you could define a bad owner as one that puts out a shitty product and makes a lot of money which Snyder and Jordan both did but to be the worst owner in sports there is off the field stuff attached to it and Jordan doesn't fit the bill.

just wait until you see how much the NBA players are paid...

They earn way more than NFL players, but NBA is nowhere near as popular as the NFL.

Yeah, they play more games, but so do MLB players.

MLB is as popular as the NBA (not popular at all)

as to answer your question, it's probably money laundering, as most things sports-related

The amount of money they made is staggering if Rojo's numbers are accurate.

Snyder made $591,000 every day he owned the team.
Jordan $594,000.

And their teams were terrible.

But by and large you are paying to be a part of a sports monopoly. Clearly on the field performance matters very little.

But I am surprised about the valuation of the Hornets. There is a huge regional sports network bubble that is bursting.

What % of an NBA's teams revenue is TV vs tickets. What am I missing? I guess international TV rights for the NBA must have a huge potential and that is what has made them more valuable. NBA's popularity in the US is down, but internationally increasing.

As for the NFL, it's a total rating mega star and I have a better understanding of the money.

Franchises are worth a lot because of the TV rights.

Sports TV is the last place where you can count on an audience to watch at a certain time, and mostly count on repeat watchers. Advertisers value this.

Seinfeld can be streamed anytime you choose. Same with Yellowstone, etc. But not sports.

To say the NBA isn’t popular is crazy. Basketball is a much more international sport than football or baseball.

Rojo, I have been wondering why the LetsRun message board has always been rife with cynicism, negativity and name calling. Now I know. It starts at the top. I rarely feel better after visiting the message board. Trying to find other healthier alternatives.

TV rights is the largest driver of revenue for both sports, and the TV deals have gone up a ton in the last 20 years for both leagues.

The Washington Football Team has one of the more storied histories in the NFL and it's in a decent sized market with a loyal fanbase. They were only sad-sack because of the owner. The Hornets might be the least valuable team in the NBA, but you have to put it in context. 3 billion is not the price for the Hornets, it's the baseline value of a seat at the league table. An average NBA team would cost twice that much, and if you wanted one of the flagship teams in a big market like LA or New York you're probably looking at 10 billion minimum.

Some of the statements and figures are inaccurate. Jordan owned ~30% of the stock and sold ~25% to another partner. I'm not sure what % of the team Snyder owned.

In 1999, Snyder bought the team for $800 million, but apparently had other investors. In 2021, be bought them out for $850 million.

Yeah he’s as dumb as a pile of rocks.

Rojoke do you really think wins/losses determine a teams financial value? The billionaire class all want to own a franchise and only 30 (or 32 in the NFL) toys out there. Plus with the national TV and merchandise revenues and league revenue sharing it really doesn’t matter if the team is a title contender or not. They all make money.