The embodiment of who Hall of Famer Michael Jordan is a person and during his playing days is rooted in his competitive nature. Jordan has continued to be driven by his passion for striving to be the best at whatever he has doing despite it being well into his NBA retirement. That has seen him head into another route of becoming the owner of the Charlotte Hornets over the last decade. Although he’s in a different position, Jordan‘s passion for the game is still filtered through in another manner. All that has led to him to hold a healthy disdain for the Golden State Warriors for one reason.
Michael Jordan’s move into NBA team ownership
In his post NBA career, Jordan has become the gold standard that many former and current professional athletes have hoped to follow.
He had been nothing short of a savvy businessman that helped make him the first former professional athlete to push his net worth beyond $1 billion. During that path, it saw him become a part-owner and head of basketball operations for the then-Charlotte Bobcats 2006. He followed that up with garnering controlling interest of the franchise in 2010 with a reported value of $275 million.
Jordan has remained atop as the majority owner of the Hornets over the last decade. He has helped the franchise continue to move up their net worth over the years.
Although the team has struggled to find consistent success on the court, Jordan has guided the team’s value in a continued north direction. However, there has been a strong level of frustration with Charlotte’s lack of progress forward beyond the likes of the Warriors.
Why the Warriors frustrate Michael Jordan
Since Jordan decided to head the route of team ownership, it has put him in an entirely different realm. In the first decade of his majority ownership, the Hornets have increased in value to $1.5 billion, which is more than five times the worth it was when bought the team.
However, he hasn’t been able to keep up with the likes of the Warriors, who seen their value jump up to $4.3 billion after being worth $450 million when Joe Lacob and Peter Guber purchased them in November 2010. During an interview on “The Habershow” with Tom Haberstroh, longtime NBA reporter J.A. Adande pointed out that it’s something that bothers Jordan.
“I don’t think Michael Jordan would want to be the front man and the face of the franchise if he didn’t have real significant ownership stake.
“He can’t compete with the Warriors and the Joe Lacob’s and the Peter Guber’s and all these tech guys that are coming in. He can’t compete in that realm. Financially — as successful as he’s been — this is a whole different level that these tech guys and these venture capital guys are playing at.
“And it frustrates him to no end that he can’t play at their level, when his whole life he’s used to playing at levels higher than everybody else. He can’t beat them in this realm.”
What has been one of the true separating factors is that the Warriors have experienced a tremendous amount of success in the last decade. That includes five straight NBA Finals appearances with three championships. It also helps that they are led by one of the most recognizable faces in the league.
Meanwhile, the Hornets have struggled to even move over the .500 mark in any season. In the full seasons under Jordan, the franchise has only reached the playoffs twice and below a winning record in each other campaign.
Michael Jordan needs to build a winner
Although other factors have played a significant part in the equation, it all comes down to the Hornets being unable to find consistent success.
Charlotte hasn’t been a constant in the playoffs but instead has continually fallen well short of even reaching a .500 record. Until the Hornets can make notable strides in that area, the net worth rise that Jordan wants to see will remain well out of reach.
The Warriors have laid out the blueprint; it’s a matter of Jordan putting the right people in place to get that job done.