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MJ to earn 11x initial investment for selling majority share of Hornets

Published

1 year ago

June 20, 2023

MJ to earn 11x initial investment for selling majority share of Hornets

His Airness remained undefeated up to this day as Michael Jordan made almost 11x from his initial investment in Charlotte 13 years later.

Jordan bought the majority share of the Hornets worth $275 million in 2010 and now he was able to sell it at $3 billion.

The timing however of the situation came in an interesting situation as the 2023 NBA Draft is just days away and the Hornets hold the no. 2 overall pick.

“He always looked to be a hands-on owner. I know he has the fishing and the auto racing that he’s involved in, but I still didn’t expect him to get out of the NBA. And yet he looks like he is going to make a tidy profit, so good for him,” Jeff Van Gundy said in one of his shows.

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Lebron James’ son Bronny gears up for the NBA

Published

1 month ago

June 26, 2024

PONCIANO

Lebron James’ son Bronny gears up for the NBA

NBA legend and Los Angeles Lakers superstar Lebron James said that it is all up to his eldest son Bronny James on his possible fate on 2024 NBA draft, June 26 and 27.

University of Southern California (USC) freshman Bronny will soon decide whether to declare for the draft or return to USC for the 2024-25 season.

“It’s up to him,” LeBron revealed about Bronny’s draft status. “It’s up to the kid. Obviously we’re gonna go through the whole process. He’s still in season now…”

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Iron Mike signs to smash Jake Paul in a pro bout

Published

1 month ago

June 25, 2024

PONCIANO

Jake Paul, Nate Diaz agree to a 10-round boxing match

Despite the 31 years old gap, heavyweight legend Mike Tyson (50 – 6) officially signed a contract for 8 rounds professional fight against the 27-year old youtuber Jake Paul (9 – 1).

Nakisa Bidarian, Most Valuable Promotions founder, announced last April 29, 2024 that the Texas Department of Licensing and Regulation approved the fight with two minutes per round in 14-ounce gloves. This is not an exhibition fight

“I get up in the morning and do the real work. Then I go to the gym; I go to strength and conditioning. Then I start all over again,”Tyson said in his preparation for the upcoming fight vs Jake on July 20, 2024 in AT&T Stadium in Arlington Texas.

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Saudi Arabia brews Canelo vs Crawford to repair alleged ‘Broken Boxing’

Published

1 month ago

June 25, 2024

PONCIANO

Boxing's pound-for-pound king Canelo Alvarez to make boxing return in September

The General Entertainment Authority (GEA) believes Canelo Alvarez (61-2-2) vs Terrence Crawford (40 – 0) will fix the alleged “broken boxing sport.”

The GEA is a department in the Saudi Arabia government that regulates and promotes their entertainment industry.

There are reports that the super mega-fight will happen in December 2024 or January 2025 in Saudi Arabia.

It can be recalled that Floyd Mayweather’s match with Manny Pacquiao remains the biggest-selling boxing pay-per-view in the history of the sport. However they are already retired. as of this writing

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