Latest / Earn Your Leisure / Michael Jordan Sells The Hornets for $3 Billion!

Transcript

Michael Jordan Sells The Hornets for $3 Billion! · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 0:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 0:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 0:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 0:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will be protected.
• 0:57
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 3: Michael Michael, Jeffrey, Billy Got Man. Billy got so many
• 1:06
  Speaker 3: different things. Man you know has done so much as
• 1:09
  Speaker 3: far as culture, sports, business, you know, just an iconic
• 1:12
  Speaker 3: person all the way around. So he purchased the Charlotte Bobcats. Yes,
• 1:19
  Speaker 3: at the time, they were called the Charlotte Bobcats. Twenty
• 1:22
  Speaker 3: ten and they were called the Charlotte Bobcats because Rob Johnson,
• 1:27
  Speaker 3: Bob Johnson, the owner, former owner of BT who shot
• 1:30
  Speaker 3: to Tyler Perry. He just purchased BT. He named the
• 1:34
  Speaker 3: team and then they renamed it to the Charlotte Hornets.
• 1:37
  Speaker 3: They named it because after him. That's what I'm saying.
• 1:39
  Speaker 3: His name, his name is Bob. Name the Bobcats, and
• 1:42
  Speaker 3: then you know, they bought it. They changed it to
• 1:44
  Speaker 3: the Charlotte.
• 1:47
  Speaker 4: Which was an existent franchise in New Orleans but originally
• 1:49
  Speaker 4: started Charlotte.
• 1:50
  Speaker 3: And that hasn't really worked out. They haven't really been
• 1:53
  Speaker 3: too good at all. They had a few good years
• 1:57
  Speaker 3: with Kimba was there the.
• 1:58
  Speaker 4: Early years with Jerald Willa's Stephen Jackson. They made the playoffs,
• 2:01
  Speaker 4: but it's been downhill. The great investment for him though.
• 2:03
  Speaker 3: Yeah, But so he brought the team for one hundred
• 2:05
  Speaker 3: and eighty and sold it sold for three billion. Now
• 2:10
  Speaker 3: he doesn't get all three billion because he wasn't the
• 2:12
  Speaker 3: only owner in it, but he was majority owner. So
• 2:17
  Speaker 3: he's gonna walk away with a nice paycheck.
• 2:19
  Speaker 2: Yeah, so just really quick.
• 2:20
  Speaker 4: So people understand that he bought sixty five percent majority
• 2:25
  Speaker 4: state from Bob Johnson in twenty ten, right, so that
• 2:28
  Speaker 4: was one hundred and eighty million dollars investment. Now the
• 2:30
  Speaker 4: reports are saying that it's sold for three billion, so right,
• 2:34
  Speaker 4: he doesn't get three billion, right, he owned sixty five
• 2:37
  Speaker 4: percent of that, But then in twenty nineteen he also
• 2:39
  Speaker 4: sold shares of it. So let's say it got diluted
• 2:42
  Speaker 4: down to sixty percent. Even with this sale, he's still
• 2:45
  Speaker 4: going to be a minority owner owner. It's just not
• 2:47
  Speaker 4: a just gave up his majority stake. So let's say
• 2:49
  Speaker 4: he sold fifty percent of it. Let's say he kept
• 2:51
  Speaker 4: a ten percent steak ten percent, so that means he
• 2:55
  Speaker 4: has a He let go of forty percent of his ownership,
• 2:58
  Speaker 4: forty percent of.
• 2:59
  Speaker 2: Three billion till one point two. That's a hell of
• 3:01
  Speaker 2: a win's that's one point fourteen.
• 3:03
  Speaker 5: Like you we were talking about like not in the
• 3:04
  Speaker 5: major city and to get this kind of return in
• 3:07
  Speaker 5: a few years, I mean we talked about it a
• 3:09
  Speaker 5: couple of weeks ago. But Gabe a kudos to him, ploking.
• 3:12
  Speaker 5: He's a huge venture Capital guy. But also like Jake
• 3:16
  Speaker 5: Colet ends up being a minority. That's that's the dope
• 3:18
  Speaker 5: part of it.
• 3:18
  Speaker 4: And I was like, this, amazing, that's the dope part
• 3:20
  Speaker 4: of shark gresson North Carolina guy. But that's one hundred
• 3:23
  Speaker 4: and eighty million dollars that'stment in twenty ten is now
• 3:27
  Speaker 4: worth one point two billion in twenty twenty three.
• 3:31
  Speaker 2: The power of a.
• 3:31
  Speaker 5: Long term holder, that's the only thing I thought. It was, like,
• 3:34
  Speaker 5: the longer you hold any asset class, the higher the
• 3:38
  Speaker 5: yield it's going to be, especially when you factor inflation.
• 3:41
  Speaker 5: Like imagine if you were the own part of the
• 3:43
  Speaker 5: Lakers with the exit would have been.
• 3:44
  Speaker 3: But then also, we live in a world where everything
• 3:46
  Speaker 3: goes up. So you have one barrel apartment in Manhattan
• 3:51
  Speaker 3: selling for one point three million dollars, like you know
• 3:53
  Speaker 3: what I mean. So it's like buy real estate, is
• 3:55
  Speaker 3: going to go up, by good stocks, is going to
• 3:57
  Speaker 3: go up, by a sports franchise. It's going to go
• 4:00
  Speaker 3: buy something that has value, and it's going to go up.
• 4:03
  Speaker 3: And you know, some things go up higher than others.
• 4:08
  Speaker 3: But that's just you know, in the simplest sixth grade explanation,
• 4:13
  Speaker 3: buy good investments over the course of time, hold them
• 4:16
  Speaker 3: and you will be able to sell out a profit.
• 4:18
  Speaker 4: Yeah, And there's a difference between the investment and the
• 4:21
  Speaker 4: performance of the team. Right, So people look like they've
• 4:24
  Speaker 4: never been good will people go into games? But were
• 4:27
  Speaker 4: people watching the NBA where the TV rights deals going
• 4:31
  Speaker 4: up during that time? Right, So when they talk about
• 4:33
  Speaker 4: profit sharing, that goes to all the teams. Right, and
• 4:36
  Speaker 4: we're talking about licensing deals. Anytime you know, Jordan's involved
• 4:39
  Speaker 4: with something, I mean alone, his name alone is strong.
• 4:42
  Speaker 4: But this is this is one of those those times
• 4:45
  Speaker 4: it's like wow.
• 4:47
  Speaker 3: But then also this goes back to the real estate
• 4:49
  Speaker 3: situation where your neighborhood is more important than the actual
• 4:52
  Speaker 3: house a lot of times, because like, you can have
• 4:55
  Speaker 3: the best house, but if it's in a bad neighborhood,
• 4:58
  Speaker 3: the appreciation is not going to be that much. You
• 5:00
  Speaker 3: can have a decent home and never really do anything
• 5:03
  Speaker 3: to it, but if it's in a great neighborhood, then
• 5:05
  Speaker 3: the house is just valuable just because like the worst
• 5:08
  Speaker 3: home in Beverly Hills costs more than the best home
• 5:13
  Speaker 3: in a middle class neighborhood, even if it's not even
• 5:15
  Speaker 3: a good home, because where it's at somebody will just
• 5:18
  Speaker 3: tear it down just for the land. So it's like
• 5:21
  Speaker 3: the same thing with the NBA, Like it doesn't matter
• 5:24
  Speaker 3: NBA NFL what Yeah, just because you're in a league
• 5:31
  Speaker 3: that has such value and it's going up over the
• 5:34
  Speaker 3: course of time. You have the worst team, your team
• 5:37
  Speaker 3: is still valuable.
• 5:39
  Speaker 4: This episode is brought to you by P and C Bank.
• 5:42
  Speaker 4: A lot of people think podcasts about work are boring,
• 5:45
  Speaker 4: and sure, they definitely can be, but understanding a professionals
• 5:49
  Speaker 4: routine shows us how they achieve their success little by little,
• 5:53
  Speaker 4: day after day. It's like banking with P and C Bank.
• 5:57
  Speaker 4: It might seem boring to safe plan and make calculated
• 6:00
  Speaker 4: decisions with your bank, but keeping your money boring is
• 6:03
  Speaker 4: what helps you live or more happily fulfilled life. P
• 6:06
  Speaker 4: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly
• 6:11
  Speaker 4: Boring since eighteen sixty five is a service mark of
• 6:14
  Speaker 4: the P and C Financial Service Group, Inc. P and
• 6:16
  Speaker 4: C Bank National Association Member FDIC Erners.
• 6:23
  Speaker 2: What's up?
• 6:23
  Speaker 4: You ever walk into a small business and everything just
• 6:26
  Speaker 4: works like the checkout is fast, the receipts are digital.
• 6:30
  Speaker 4: Tipping is a breeze and you're out the door before
• 6:33
  Speaker 4: the line even builds. Odds are they're using Square. We
• 6:37
  Speaker 4: love supporting businesses that run on Square because it just
• 6:40
  Speaker 4: feels seamless. Whether it's a local coffee shop, a vendor
• 6:43
  Speaker 4: at a pop up market, or even one of our
• 6:45
  Speaker 4: merch partners, Square makes it easy for them to take payments,
• 6:49
  Speaker 4: manage inventory, and run their business with confidence, all from
• 6:53
  Speaker 4: one simple system. If you're a business owner or even
• 6:56
  Speaker 4: just thinking about launching something soon, Square is hand down
• 7:00
  Speaker 4: one of the best tools out there to help you start,
• 7:03
  Speaker 4: run and grow. It's not just about payments, it's about
• 7:06
  Speaker 4: giving you time back so you can focus on what
• 7:09
  Speaker 4: matters most ready. To see how Square can transform your business,
• 7:13
  Speaker 4: visit Square dot com backslash go backslash eyl to learn
• 7:17
  Speaker 4: more that Square dot com backslash, go backslash eyl. Don't wait,
• 7:23
  Speaker 4: don't hesitate. Let's Square handle the back end so you
• 7:26
  Speaker 4: can keep pushing your vision forward.
• 7:30
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 7:33
  Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
• 7:37
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 7:42
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 7:46
  Speaker 1: some of the heinous migrant criminals caught because of President
• 7:49
  Speaker 1: Donald J. Trump's leadership. I'm Christine Nohm, the United States
• 7:53
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 7:58
  Speaker 1: crossings are at the lowest level ever recorded, and over
• 8:01
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 8:05
  Speaker 1: were here illegally, your next you will be fine nearly
• 8:09
  Speaker 1: one thousand dollars a day, imprisoned and deported, you will
• 8:13
  Speaker 1: never return. But if you register using our CBP home
• 8:16
  Speaker 1: app and leave now, you could be allowed to return legally.
• 8:20
  Speaker 1: Do what's right.
• 8:22
  Speaker 3: Leave now.
• 8:23
  Speaker 1: Under President Trump, America's laws, border and families.
• 8:27
  Speaker 2: Will be protected. Sponsored by the United States Department of
• 8:29
  Speaker 2: Homeland Security.
• 8:31
  Speaker 4: It's why the Knicks are the number two most valuable team.
• 8:33
  Speaker 4: They haven't because where are they located? Where did they play?
• 8:37
  Speaker 4: They play in the middle of Manhattan, they play in
• 8:39
  Speaker 4: New York City. I mean it's prominently and you know,
• 8:42
  Speaker 4: massive square garden he holds.
• 8:44
  Speaker 2: What would he get for it?
• 8:46
  Speaker 4: I mean if Charlie so for three billion, and I
• 8:49
  Speaker 4: think the number one evaluated team right now is Golden
• 8:51
  Speaker 4: State and that's because of the recent history of winning.
• 8:53
  Speaker 4: Is that like I think seven billion or six maybe
• 8:56
  Speaker 4: six billion. I mean, if they ever for New York
• 9:00
  Speaker 4: for the next is I'm thinking we're going double digits.
• 9:03
  Speaker 4: I think we're going double It's got to be over
• 9:06
  Speaker 4: ten today. Yeah, over ten for sale. Okay, the Sun
• 9:10
  Speaker 4: sold last season for four billion.
• 9:13
  Speaker 2: It's a good point.
• 9:14
  Speaker 4: So right, Lakers, you put a couple franchises in there,
• 9:19
  Speaker 4: Lakers would be up there. Knicks Celtics maybe, uh, definitely
• 9:25
  Speaker 4: the Lakers and the Knicks. I think double digit billion valuation.
• 9:28
  Speaker 5: And the reason why we're talking about this it's really
• 9:31
  Speaker 5: important to know the evaluation of everything. Like the first
• 9:33
  Speaker 5: time I went to F one, and I've now been
• 9:34
  Speaker 5: watching the Racist, there are some money and those like.
• 9:39
  Speaker 2: Wait, the car costs how much?
• 9:41
  Speaker 5: And their pit crew a certain amount of millions, like
• 9:44
  Speaker 5: I was playing Hitman le Xander, like last year. That
• 9:47
  Speaker 5: was the first time I ever knew about F one.
• 9:49
  Speaker 5: So to then go and see the business behind it,
• 9:51
  Speaker 5: Like once you understand the evaluations of these teams, now
• 9:55
  Speaker 5: they're looking a hole for the same team cycle.
• 9:57
  Speaker 4: It's the reason why you see people fighting to get
• 10:00
  Speaker 4: an NBA team in Las Vegas. Yeah, it's the reason
• 10:03
  Speaker 4: why you see somebody trying to bring a franchise back
• 10:05
  Speaker 4: to Seattle. Like Stan Hanky, who just won a championship
• 10:08
  Speaker 4: with the Nuggets. That's great, but that's his NBA team.
• 10:10
  Speaker 4: You know who His NFL team is, the La rent Right,
• 10:13
  Speaker 4: he won a Super Bowl with them a couple of
• 10:16
  Speaker 4: years ago. Just won an NBA championship right in Denver.
• 10:19
  Speaker 4: And now he's looking at like what other sports league
• 10:21
  Speaker 4: he owns? The Colorado Avalanche. They've won a Stanley Cup
• 10:25
  Speaker 4: over the past ten years, and so he's taking care.
• 10:28
  Speaker 4: He's just not looking at it like, wait, I have
• 10:30
  Speaker 4: a franchise in Denver, let me stay in Denver. He's
• 10:33
  Speaker 4: looking at it like where's the best place for me
• 10:35
  Speaker 4: to own a franchise. Now his next thing they're saying
• 10:37
  Speaker 4: is like he's looking to bring football back to San
• 10:40
  Speaker 4: Diego or bring an NBA team to San Diego, a
• 10:43
  Speaker 4: great sports town that lost the Chargers, right, they haven't
• 10:47
  Speaker 4: had a professional basketball team maybe ever.
• 10:50
  Speaker 2: And so they're looking at these cities.
• 10:51
  Speaker 4: Seattle is another city to have basketball history, how do
• 10:54
  Speaker 4: we get it back? And so now having franchises in
• 10:56
  Speaker 4: different cities and different sports. This is bigger than just like, hey,
• 10:59
  Speaker 4: I'm fan of the team. Now, this is a business
• 11:01
  Speaker 4: transactions business behind that. And these same people that are
• 11:04
  Speaker 4: investing in owning these teams. Homework assignment number two, go
• 11:08
  Speaker 4: do some research on them to see what their investment
• 11:10
  Speaker 4: philosophy is. Because if he was able to win titles
• 11:12
  Speaker 4: in multiple sports, there's a philosophy that he has on
• 11:15
  Speaker 4: ownership and turning the team around.
• 11:18
  Speaker 2: Please gonna study that.
• 11:19
  Speaker 5: To help you in your investment journey so you can
• 11:21
  Speaker 5: print more games in the market.
• 11:22
  Speaker 3: But James Dolan, and he's probably one of the best
• 11:26
  Speaker 3: in business that we've ever seen because the Knicks, the Rangers,
• 11:30
  Speaker 3: but Madison Square Garden owns Square Garden. Yeah, So I mean,
• 11:34
  Speaker 3: you can say what you want about him, but my
• 11:37
  Speaker 3: commentation is only the next not No, I'm just saying
• 11:39
  Speaker 3: a lot of people, you know, they a lot of
• 11:41
  Speaker 3: people don't like James Dolan. But I'm just saying, Madison
• 11:44
  Speaker 3: Square Guarden, can you even put a price tag on that?
• 11:46
  Speaker 3: The world's most famous, right, I'm just saying, like if
• 11:51
  Speaker 3: you just had, like you know, it's like Madison Square
• 11:53
  Speaker 3: Garden is such an iconic that's the nu.
• 11:56
  Speaker 4: He's making money when the Knicks don't play, and he's
• 11:58
  Speaker 4: making money when the Rangers don't play because when they're
• 12:01
  Speaker 4: not playing, there's a concertent.
• 12:02
  Speaker 5: I couldn't get into that Hairstyles concert to save my life.
• 12:05
  Speaker 3: He's the CEO of MSG. Yeah, he's the owner of
• 12:10
  Speaker 3: the Knicks, the owner of the Rangers. So yeah, I
• 12:14
  Speaker 3: mean he could do nothing else for the rest of
• 12:16
  Speaker 3: his life and just and just be super good just
• 12:18
  Speaker 3: off of that alone, that that one building, just that
• 12:21
  Speaker 3: one building.
• 12:22
  Speaker 2: Yeah, he got everything.
• 12:23
  Speaker 4: Even inside of that building, that structure, you got penstation
• 12:27
  Speaker 4: that that translates into another vertical right. It's it's a
• 12:32
  Speaker 4: like you said, it's publicly trade. I don't even think
• 12:33
  Speaker 4: people really know that, but yes, it's publicly traded. So
• 12:35
  Speaker 4: he's gonna make money regards which is kind of why
• 12:37
  Speaker 4: people to test him, because it's like he doesn't if
• 12:41
  Speaker 4: they win.
• 12:41
  Speaker 2: Or not, it doesn't don't matter exactly does Dicks fans.
• 12:44
  Speaker 4: I know it sucks and shout out to the Dix fans,
• 12:46
  Speaker 4: But he's gonna make money regardless.
• 12:49
  Speaker 3: My graduates from my school being forced back drop drop
• 12:55
  Speaker 3: Mike drop back drop drop.
• 13:08
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 13:12
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 13:16
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 13:20
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 13:24
  Speaker 1: some of the heinous migrant criminals caught because of President
• 13:28
  Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 13:31
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 13:36
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 13:40
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 13:43
  Speaker 1: are here illegally, your next you will be fined nearly
• 13:47
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 13:51
  Speaker 1: never return. But if you register using our CBP home
• 13:55
  Speaker 1: app and leave now, you could be allowed to return legally.
• 13:59
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 14:03
  Speaker 1: border and families will be protected.
• 14:06
  Speaker 2: Sponsored by the United States Department of Homeland Security,