MJ promotes brother Larry Jordan to Bobcats President of Player Personnel

[PAYTON20]

He also promoted his son and daughter within the organization.

Larry Jordan, gonna make all the difference for the Bobcats, phenom of a talent scout. Lmao

http://sports.yahoo.com/news/nba--michael-jordan-s-brother-promoted-within-bobcats-012442278.html

[TwoWays]

WTG MJ!! Family first. Company you work for second.

[Chi_archie]

Bad decision #14,678 since retiring as a player. Guy might be the worst talent evaluator in the history of sports

[GUMMO77]

Bad decision #14,678 since retiring as a player. Guy might be the worst talent evaluator in the history of sports

Terrible at finding talent for sure, but he's probably makes good $$ on the Bobcats, right?

[pulledclear]

A heeba deeba

Doo Doo

DOO!

Letz Runza ain NBAY teem. Houw herd kuld it bee?

[Sport_Fish]

Terrible at finding talent for sure, but he's probably makes good $$ on the Bobcats, right?

I don't think he does. Think about it, where does he make money?

-Tickets are probably dirt cheap, and even if not, there's barely any significant amount of people attending
-I doubt they have any half-decent TV deals that bringing in money
-Probably the least sold stuff in NBA merchandise store
-Brand has no real appeal/value, so I doubt he's minting anything off licensing

[crustyme]

last i heard bobcats were losing $20-$30 mil per season. which is why jordan's contemplating selling the team.

[stevenash]

^
correct

Nobody goes to see the BobCats

2013 Attendance		Home				Road			Overall
RK	TEAM	GMS	TOTAL	AVG	PCT	GMS	AVG	PCT	GMS	AVG	PCT
1	Bulls	41	896,944	21,876	104.6	41	18,144	94.4	82	20,010	99.7
2	Mavericks	41	821,490	20,036	104.4	41	17,613	92.5	82	18,824	98.5
3	Heat	41	819,290	19,982	102.0	41	19,090	99.1	82	19,536	100.5
4	Clippers	41	788,293	19,226	100.9	41	17,806	93.4	82	18,516	97.1
5	Celtics	40	744,960	18,624	100.0	41	17,768	91.8	81	18,191	95.8
	Thunder	41	746,323	18,203	100.0	41	18,335	95.7	82	18,269	97.8
7	Lakers	41	778,877	18,997	99.7	41	18,866	99.0	82	18,931	99.4
8	Spurs	41	755,700	18,431	99.2	41	17,290	90.6	82	17,861	94.9
9	Warriors	41	794,320	19,373	98.9	41	17,204	90.5	82	18,288	94.7
10	NY Knicks	41	780,353	19,033	96.3	41	18,271	94.6	82	18,652	95.4
11	Trail Blazers	41	813,012	19,829	95.4	41	16,727	88.0	82	18,278	91.9
12	Nets	41	704,702	17,187	94.9	41	17,239	89.1	82	17,213	91.9
13	Jazz	41	765,915	18,680	93.8	41	16,769	88.3	82	17,724	91.1
14	Magic	41	721,414	17,595	93.4	41	16,821	86.8	82	17,208	90.0
15	Nuggets	41	730,616	17,819	93.0	41	17,401	91.1	82	17,610	92.1
16	Rockets	41	683,564	16,672	92.4	41	17,982	94.0	82	17,327	93.2
17	Grizzlies	41	681,613	16,624	91.8	41	17,194	90.0	82	16,909	90.9
18	Raptors	41	743,936	18,144	91.6	41	16,313	84.8	82	17,229	88.3
19	Timberwolves	41	669,956	16,340	84.4	41	17,034	89.3	82	16,687	86.9
20	Pacers	41	626,069	15,269	84.1	40	17,061	87.9	81	16,154	86.0
21	Suns	41	632,913	15,436	83.8	41	17,152	89.7	82	16,294	86.8
22	76ers	41	685,412	16,717	82.2	41	17,323	90.2	82	17,020	86.1
23	Hawks	41	620,146	15,125	80.8	41	17,165	89.0	82	16,145	84.9
24	Wizards	41	670,070	16,343	80.6	41	16,193	84.1	82	16,268	82.3
25	Pelicans	41	565,930	13,803	80.3	41	17,254	90.1	82	15,528	85.5
	Bucks	41	616,469	15,035	80.3	41	16,919	87.5	82	15,977	84.0
	Bobcats	41	628,293	15,324	80.3	41	16,502	85.6	82	15,913	83.0
28	Kings	41	563,743	13,749	79.4	41	17,305	90.3	82	15,527	85.1
29	Cavaliers	41	663,882	16,192	78.7	41	16,780	87.3	82	16,486	82.9
30	Pistons	41	606,094	14,782	67.0	41	16,885	87.9	82	15,834	76.7

[GUMMO77]

I don't think he does. Think about it, where does he make money?

-Tickets are probably dirt cheap, and even if not, there's barely any significant amount of people attending
-I doubt they have any half-decent TV deals that bringing in money
-Probably the least sold stuff in NBA merchandise store
-Brand has no real appeal/value, so I doubt he's minting anything off licensing

I know a lot of owners say they are losing money, Micky Arison being one of them, but I find that hard to believe. Deadspin posted those finical records of MLB teams and they were all making money.

I don't see good business people (I'm not putting Jordan in this category) invest in a professional franchise and continually lose money. I'm sure, in some way, Jordan is making good cash on this team.

[jjgold]

He destroyed org

Worse exec of all times

MJ stick to gambling

[GUMMO77]

He destroyed org

Worse exec of all times

MJ stick to gambling

He'll be on Pawn Stars selling his stuff in no time.

[PAYTON20]

He needs to sell the team to Chris Hansen and they'll move the team to Seattle and become the Sonics

[stevenash]

Seattle has good fans.

[Stallion]

Michael Jordan needs to quit basketball, again.

[I/O]

I don't think Jordan will have anything to worry about today, tomorrow, or the days after......

Jordan earned an estimated $80 million last year from corporate partners Nike, Gatorade, Hanes, Upper Deck, 2K Sports, Presbyterian Healthcare and Five Star Fragrances. Other Jordan assets include six restaurants, a North Carolina car dealership, a motorsports team and his 80% stake in the Charlotte Bobcats. Jordan out-earns almost every member of the world’s highest-paid athletes 10 years after his last NBA game (Floyd Mayweather topped Forbes June 2012 list with earnings of $85 million).

http://www.forbes.com/sites/kurtbadenhausen/2013/02/14/how-michael-jordan-still-earns-80-million-a-year/

[BigSpoon]

He needs to sell the team to Chris Hansen and they'll move the team to Seattle and become the Sonics

That would be great, Seattle deserves to have a NBA team.

[Mac4Lyfe]

Jordan bought the Bobcats for $175 million and it now worth $315 million. Operating losses are part of the cat/mouse game, which is probably why he's hiring family to look like he's cutting cost. If he loses 20 million a year, he can just write it off the $85 million he'll make during the year. Who else do you know who can make $140 million in a few short years???

http://www.forbes.com/lists/2010/32/basketball-valuations-11_Charlotte-Bobcats_322435.html

Most all NBA teams post annual losses but some of the accounting doesn't add up. You never see all the profits and losses in one place. They may leave off TV revenue or concessions or depreciating assets. With the new CBA these teams will make hand over foot, especially as the NBA is about to hit a huge growth spurt in popularity. Jordan may suck at evaluating talent but he hit the lotto on this purchase.

http://www.forbes.com/lists/2010/32/basketball-valuations-11_Charlotte-Bobcats_322435.html

[plow]

He had a win today with the board of governors approving the name change to Hornets. The value of the team will go up again now.

[I/O]

http://www.forbes.com/lists/2010/32/basketball-valuations-11_Charlotte-Bobcats_322435.html[/URL]

Most all NBA teams post annual losses but some of the accounting doesn't add up. You never see all the profits and losses in one place. They may leave off TV revenue or concessions or depreciating assets. With the new CBA these teams will make hand over foot, especially as the NBA is about to hit a huge growth spurt in popularity. Jordan may suck at evaluating talent but he hit the lotto on this purchase.

http://www.forbes.com/lists/2010/32/...ts_322435.html

Tons of businesses operate in the red on purpose, including and especially sports teams. Better yet, these businesses are sold and the new owners assume the debt. Creative accounting

[Mac4Lyfe]

^^^ I/O gets it.

The Bobcat's will be worth $500 million a couple of years from now.

[Big Bear]

The Fans in Charlotte hate the team.