In his four seasons as the majority owner of the NBA team in Charlotte, Michael Jordan has endured plenty, including the worst season in NBA history, but Jordan said Monday that the competitor in him has his eyes on a seventh NBA ring.
“I’m always dreaming about that seventh ring,” Jordan told ESPN. “And to get to that would be much more gratifying” than the previous six he won with the Chicago Bulls.
Jordan said being on the sidelines as the owner “isn’t as much fun, but it’s a lot harder.”
The 51-year-old Hall of Famer found that the hardest thing to accept was that he couldn’t do as much as an owner as he could on the court.
“I played this game for a long time and I always took criticism in a way that’s going to make me better as a basketball player and I could affect the game per se,” Jordan said. “Here, I can’t do that other than talking to my other employees or coaches or players.”
In March 2010, Jordan agreed to buy 80 percent of the team from Bob Johnson on a valuation of about $275 million. Jordan’s stake — as arranged in the original deal — jumped up to 89 percent in 2013.
With the Milwaukee Bucks and the Los Angeles Clippers selling for $550 million and $2 billion, respectively, Jordan’s investment has almost tripled.
“That wasn’t my reason for getting in,” Jordan said. “The reason for getting in was because I love basketball. Bob presented an opportunity to me which I’m very thankful of and a dream of mine to own a basketball team. I understood the city of Charlotte and the state of North Carolina is basketball country. I felt like I could contribute and make a difference within this franchise from an ownership standpoint … That was my purpose for buying.”
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