#170 How Michael Jordan Turned $25 Million Into $3 Billion By Buying The Charlotte Hornets For Pennies On The Dollar
The Joe Pomp Show
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The Power of Michael Jordan
Michael Jordan bought a minority stake in the Charlotte Bobcats. He did this in exchange for complete control of all basketball decisions. The team didn't make the playoffs or have a winning record from 2005 to 2009. Their attendance, it actually dropped under Michael Jordan. Robert Johnson was forced to sell the team for pennies on the dollar.
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