Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
30 Sept 2020 Acquired The NBA
“Obviously, well, anybody who owns a majority of an NBA team is a billionaire. Jordan, of course, (I think) owns about 80% of the Charlotte Hornets.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 30 Sept 2020
- Publisher
- Acquired
- Episode
- The NBA
Transcript context
…As one more measure of incredible wealth is owning a sports team. It's a line in billions where they say, owning an NFL franchise or an NBA franchise is the closest thing we have to royalty in America. I was doing an analysis of the whole list of NBA owners. I'll actually bust the stat out now because I think it's interesting; I open up my spreadsheet. The NBA owners today are basically dominated by tech private equity and venture capital. You have 16 of the 30 teams owned by tech PE or VC, and only five of them actually are family money of inherited wealth. A lot of the others are entrepreneurs of different strokes, but there exists one player who owns a team, and that's Michael Jordan. I think everyone else is a billionaire. Obviously, well, anybody who owns a majority of an NBA team is a billionaire. Jordan, of course, (I think) owns about 80% of the Charlotte Hornets. The first former player in any league to become a majority owner, and as of this week, did you see the news? No.…
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