David Rosenthal: belief

Transcript context

…Fascinating. He had a nice little return here on buying the Hornets because in 2010, he bought majority control of the club. I think it went for $175 million and he just sold 20% of it, the value of the company at $1.5 billion. He's gotten some nice appreciation over the last decade from his basketball investment. He has to use that cash somewhere. Totally. Let's get into chapter three of building the modern-day NBA after Jordan and still during the Stern era but leading into the Silver era. When Jordan finally retired for the second or third time with the Wizards in 2003—I think when he finally retired for good—there was definitely a bit of a hangover after that, so ratings dropped. While Jordan was in the league TV ratings for the NBA rose every single year he was in the league, which also I don't think any other professional athlete has had that happen in their career unless they were in the league for two years or concurrently with Jordan. Ratings dropped and scoring dropped. There was this narrative which a lot of people believed but frankly was really wrong, also crappy, and racist, that the league was just filled with thugs. This was the whole Allen Iverson thing and... This was when they had the brawl?…

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