Blinken’s Meeting with China’s Xi Comes at a Crucial Moment 6/16/23
CNBC's "Last Call"
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Michael Jordan and the Charlotte Hornets
Michael Jordan bought the Charlotte Hornets in 2010 at a valuation of around $270 million. He sold a 20% stake in 2020 at $1.5 billion valuation. Now three years later, he's selling the rest of the team for reported $3 billion. That's 11 times their current revenue. The average NBA or NFL team would typically trade at a six to seven times revenue multiple.
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