According to Forbes, Michael Jordan is now a billionaire due to an increase in his stake of the Charlotte Hornets to 89.5% from 80%. Sports bankers say the Hornets are presently worth between $600 million and $625 million USD. The Milwaukee Bucks sold for $550 million USD in May, and they are considered the least valuable team in the league. Forbes‘ net worth figure for Jordan uses the $600 million figure. The Hornets have $135 million USD of debt, which makes Jordan’s equity in the team worth $416 million USD. After subtracting all the cash Jordan has invested in the team, they estimate his net worth outside of the Hornets to be $600 million USD, giving him a net worth of a $1 billion USD.
Friday, 21 November 2014
Michael Jordan is Now a Billionaire
According to Forbes, Michael Jordan is now a billionaire due to an increase in his stake of the Charlotte Hornets to 89.5% from 80%. Sports bankers say the Hornets are presently worth between $600 million and $625 million USD. The Milwaukee Bucks sold for $550 million USD in May, and they are considered the least valuable team in the league. Forbes‘ net worth figure for Jordan uses the $600 million figure. The Hornets have $135 million USD of debt, which makes Jordan’s equity in the team worth $416 million USD. After subtracting all the cash Jordan has invested in the team, they estimate his net worth outside of the Hornets to be $600 million USD, giving him a net worth of a $1 billion USD.
Wednesday, 19 November 2014
The True Story Behind Michael Jordan’s NBA-Banned Sneakers
The tale behind Michael Jordan and the veto prescribed by the NBA on a certain pair of Air Jordan basketball shoes is the stuff of sneaker and basketball folklore. To date, fans understood that Jordan was fined the amount of $5,000 at least once for donning footwear that didn’t comply with the NBA’s uniform regulations, which stated “A player must wear shoes that not only matched their uniforms, but matched the shoes worn by their teammates.” Of course, the Jumpman himself wearing any Nike-branded goods during gameplay was great advertisement for the Beaverton crew and as the story goes, MJ continued wearing these banned sneakers, while Nike picked up any fees incurred.
Here is where things get confusing. As a complete record does not exist showing which shoes Jordan wore during his rookie year in 1984, we can only look to photos, and a certain letter penned by NBA Executive Vice President at the time, Russ Granik, speaking on a pair of “red and black Nike Basketball shoes” that broke the NBA’s dress code. The Air Jordan 1 seemed to be a safe guess, in terms of which specific sneaker caught the ban, as this was the first silhouette in Jordan’s signature model lineage. Sneaker nerds from the Internet have now unveiled that Nike’s Air Jordan 1 was not in fact the banned shoe, rather it was the Nike Air Ship, a pair that remains based in slight obscurity, thanks to the fact that it has never been rereleased.
This important chapter in Jordan Brand‘s history is still a bit unclear, especially on Nike’s side of things. Was the whole thing Nike’s idea? Did they actually foot the bill? Why haven’t these iconic sneakers – that do bear a striking resemblance to the Air Jordan 1 – been included in a retro release?
Tuesday, 18 November 2014
Nike Air Jordan 14 Retro Black Toe
For Sale : PRE - ORDER (KC) HOT ITEM
Size : US 8,8.5,9,9.5,10
Condition :Brand New With Box
Price : MYR 910 / USD 260 (Shipping not included)
Colorways: WHITE/BLCK-VRSTY RD-MTLLC SLVR
Release Date: 20 Sep, 2014
Aficionados of the original Air Jordan 14 can rejoice with the return of the classic White/Black-Varsity Red colorway. Originally released in 1998, the Air Jordan 14 takes inspiration from a love of sports cars and is personified through its sleek lines and premium materials. Take another look above and remember that there also should be some pairs on Sole4Souls Inc.100% AUTHENTIC.
.Size : US 8,8.5,9,9.5,10
Condition :Brand New With Box
Price : MYR 910 / USD 260 (Shipping not included)
Colorways: WHITE/BLCK-VRSTY RD-MTLLC SLVR
Release Date: 20 Sep, 2014
Aficionados of the original Air Jordan 14 can rejoice with the return of the classic White/Black-Varsity Red colorway. Originally released in 1998, the Air Jordan 14 takes inspiration from a love of sports cars and is personified through its sleek lines and premium materials. Take another look above and remember that there also should be some pairs on Sole4Souls Inc.100% AUTHENTIC.
Monday, 17 November 2014
Sunday, 16 November 2014
What If Michael Jordan Chose adidas?
You might think that indulging in make-believe is just silly child’s play, but sometimes it’s fun to sit back and wonder “What If…?” Well, that’s exactly what the guys at Sneaker Freaker have been doing with their time, and they’ve tackled one of the biggest turning points in sneakerdom – the genesis of Michael Jordan‘s relationship with Nike and the birth of the most successful sneaker franchise in history.
It’s a known fact that Michael, a lifelong adidas devotee, was pretty reluctant to commit to Nike in the early days. He’s even been quoted as saying that if adidas had come up with a bid anywhere near Nike’s then he would’ve signed with them. Sadly for the Germans, they passed up on the chance, but in a clever bit of well-researched storytelling writer Anthony Costa supposes what the world would have been like if they’d pushed that little bit harder to get MJ23 in the Three Stripes.
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