Off the court, Michael Jordan has also proven to be a successful businessman. Jordan strongly believes in giving back to the community. He supports many charitable causes that provide opportunities for at-risk youth, help kids with disabilities and illnesses, and teach and mentor children, including the James R.
Jordan Foundation, among others. Jordan and his wife, Yvette, have two daughters, Victoria and Ysabel. He also has three children, Jeffrey, Marcus and Jasmine, from a previous marriage. During , Polk helped launch, and is a principal in, Cincoro Spirits Group along with Jordan and several other founding partners. During the summer of , Polk negotiated what was then four of the five highest contracts in NBA history. They are involved in many charitable and philanthropic activities.
Since coming to Charlotte, Whitfield has overseen the dramatic growth of both the franchise and arena. Before joining the organization, Whitfield most recently served as Director of Business and Legal Affairs for Jordan Brand, where he managed endorsements and sports marketing strategy. At Nike Basketball, he was responsible for scouting new potential endorsers, negotiating endorsement contracts and overseeing business and marketing strategies for more than NBA players.
His career in sports began as a player agent representing professional athletes with F. Before joining F. This places them as the 25th most valuable franchise in the league.
Unfortunately, on the court, their numbers speak far less. In , they recorded the worst single-season record with Home NBA. By Yashima Bhatia. He owns the Charlotte Hornets. As mentioned above, Jordan does own a basketball team - Charlotte Hornets. Jordan was already serving as a minority investor at the franchise since He reportedly even had the final say on basketball decisions since he became a minority owner of the Hornets formerly known as Charlotte Bobcats Some reports state George Shinn, who introduced the NBA side from Charlotte in , was in talks with Michael Jordan for the sale of the franchise since George Shinn sold all of his Hornets stakes in December , 10 months after Jordan became the majority owner.
After becoming the majority Charlotte Hornets owner, Jordan said in an interview, "Purchasing the Bobcats now Hornets is the culmination of my post-playing career goal of becoming the majority owner of an NBA franchise.
Overall, the Hornets have a regular-season record of with Jordan as an owner, good for a dismal. The laughingstocks of the league, the New York Knicks, have also made the playoffs three times since Jordan has been in Charlotte, even winning a round in Obviously if Michael Jordan the owner had Michael Jordan the player suiting up, the Hornets would have fared better over the past 14 seasons.
But given his track record as an executive, it seems fair to question whether Jordan really wants to win or is simply content to sit back and watch his basketball club increase in value. Walker unsurprisingly balked, and Jordan was lured into a sign-and-trade deal with the Celtics that sent his star to Boston in exchange for a far lesser guard in Terry Rozier. Cost-cutting moves like that have been standard operating procedure over the years: the Hornets are one of only two teams in the league along with the New Orleans Pelicans that have never paid the luxury tax , according to HoopsHype.
As competitive as he was as a player, Jordan has been more interested in compounding his interest in the team than he has been in putting a few more championship rings on his fingers.
Is that at least partially because Jordan is willing to sacrifice wins on the floor to offset his losses at the blackjack table and on the golf course?
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