Sure, Jordan has to assume the franchise debt which is somewhere north of $250 million, still - it's a good price.
Wow I’m surprised Oprah didn’t help with all her Billions...
(did I do that right?)
Bailed out? Sounds to me like he got his pants pulled down, smacked, and left twisting in the wind. MJ is a shrewd operator and took full advantage of an incompetent businessman.
wonder what sucked this billionaire down so badly?
Actually, I think Johnson is a Republican.
From all that I have read about Michael Jordan, he is very smart, very tough, very competitive - in all fields.
Johnson’s wife received four hundred million dollars in a divorce settlement and then married the judge who handled the divorce proceedings.
Nothing questionable about that outcome.
>> the 63-year-old founder of BET
Made his money off of racism.
Couldn’t happen to a more deserving scumbag. Hope he ends up under a highway overpass.
....he aint no billionaire!!!! ha ha hahahahaha...
What happened? Obama wipe out his assets leaving him only with billions in debt?
“Indeed, three sources specifically involved with the team sale said Johnson was eager to ink a deal before an upcoming interest payment on the team’s $40 million in bank debt, so he could save the cash, even though it was only for a few million dollars”
kinda reminds me about the guy looking at the motorhome or yacht wondering miles per galon...
Don’t worry. Jordan will gamble the team away on a hand of poker in the next few months.
...I live in North Carolina and the Bobcats are a losing proposition...they’ll skin Michael Jordan out of his money too...remember him with the Wizards?...he was a bringer of confusion rather than harmony...that’s why he got the boot...he doesn’t like to put in the day to day attention to detail that it takes to run a business...right now he’s looking for pardners to come in with him on the Bobcats deal...and they’re not coming forward.
....Bob Johnson made his dough off booty-shaking videos and black comedians that made fun of whites....he was always a cheap shot kind of businessman....he’ll be broke in due time.
What is “BET?” (Thanks in advance.)
Robert Johnson sings the blues? I have that album!