Our data point today, three billion as in three
billion bucks. That is the reported value of the
NBA Charlotte Hornets according to the ESPN reporting today about
Michael Jordan's agreement to sell his majority stake in the
team to a group led by hedge fund manager,
Gabe Plotkin and private equity player, Rick Schnall,
Jordan is expected to keep a stake in the team
which that based on this valuation would be worth more
than 10 times what Jordan paid himself to become the
majority owner back in 2010. Yeah, it's pretty
amazing. I mean, we see a couple of
, we see some real movement in the big pro
sports leagues, the Hawks sale that we were talking
about last week, this stake sale in the Hornets
, maybe the nationals are up for sale. And
it's interesting because a lot of these investors like Jordan
bought in for a couple 100 million and are selling
at a couple or$3 billion valuations. And then
you see a whole new slew of sports leagues,
even like Pickle Ball that are going for a few
100,000 or a few million. And maybe someday we'll
go for a couple of 100 million. So I
think it's a great story. Yeah, exactly.
Well, Mark Lasry of Bloomberg and invest was talking
about the value pickle ball, but of course,
I think it was the NBA commissioner who was telling
you, you might regret selling that buck stake because
these teams don't come up every day and there's only
so many of them and clearly the valuations continue to
climb as we see with this Jordan deal. Also
very cool to see gay plot of Melvin uh move
up to a majority owner.