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Charlotte Hornets

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Clippers sold for $2 BILLION

By bLACKpANTHER,
May 30, 2014 in Charlotte Hornets

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MadHatter

Posted June 2, 2014

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Posted June 2, 2014

Bobcats were sold so low because of debt. Johnson sold the team cheap as long as Jordan paid for the debt.

Exactly.

Just like any company purchase, assumed debt must be calculated into the true price paid for the team.

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mj4life

Posted June 5, 2014

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Posted June 5, 2014

Just saw a article posted on the Charlotte business journal's website that places the value of the Hornets at 600 million & maybe as high as 1.4 billion

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CackalackCat

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CackalackCat

Posted June 5, 2014

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Posted June 5, 2014

Just think about it, George Shinn paid 30 million dollars for the original hornets. Inflation in this country over the last 30 years has been just crazy.

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Veteran

carpanfan96

Posted June 11, 2014

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Posted June 11, 2014

Now he's refusing to sell his team because the NBA violated his freedom of speech right.

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