
via Imago
Image Courtesy: IMAGO

via Imago
Image Courtesy: IMAGO
Billionaire NBA legend Michael Jordan is the name on everyone’s lips currently. After more than a decade of disappointing on-court results, the six-time NBA champion has finally sold his majority stake in the Charlotte Hornets. After having paid roughly $275 million initially, the Chicago Bulls legend made a huge profit of over $2 billion from the sale, which has the sports world talking about MJ’s business acumen.
Although Jordan has faced failure in the world of sports investment, recent actions by Serena Williams and Alex Ohanian might tempt him to get back into the scene.
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Will Michael Jordan make another investment soon?
Apart from basketball, Jordan also loves the game of golf. Thanks to his immense popularity, the NBA Hall of Famer once shared a close relationship with golf legend Tiger Woods. However, their recent relationship has not been as smooth as it used to be.
READ MORE: Despite Their Brotherly Bond, $172.7B Giant Sees Tiger Woods Get Brutally Owned by Michael Jordan
TGL is a new venture started by Woods and Rory McIlroy. This golfing league will feature teams from across the country and a team from Los Angeles is already confirmed. It is the Los Angeles Golf Club.
Interestingly, Reddit co-founder Alex Ohanian and his wife Serena Williams have invested in the Los Angeles team. Along with Venus Williams, Ohanian, and Serena Williams are the first investors in Woods’ new venture.

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NEW YORK, NEW YORK – MAY 01: Serena Williams and Alexis Ohanian attend the 2023 Costume Institute Benefit celebrating “Karl Lagerfeld: A Line of Beauty” at Metropolitan Museum of Art on May 01, 2023 in New York City. (Photo by Taylor Hill/Getty Images)
Considering Jordan’s recent cash splurge and his love for golf, he might become the next investor in the league. A golf team from North Carolina, who says no?
Although Jordan has not found luck in owning a sports team, this new venture might kick-start a new career in the NBA legend’s life. His relationship with Tiger Woods will play a huge role. The two sporting icons know each other for quite some time.

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UNITED STATES – MAY 02: Michael Jordan and Tiger Woods during the Pro-Am prior to the 2007 Wachovia Championship held at Quail Hollow Country Club in Charlotte, North Carolina on May 2, 2007. (Photo by Sam Greenwood/Getty Images)
Moreover, Jordan was one of the most established names to come out in support of Woods when the golf legend found himself in some troubled waters.
Jordan made more money from the sale than he earned from Nike
A rookie Michael Jordan was signed to Nike in 1984. This lucrative deal shaped sneakers and sports history forever. Roughly forty years after this deal, it was reported that MJ earned over $1.3 billion from Nike.
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While this figure might sound astounding, this is nowhere close to the amount His Airness earned from the Hornets’ sale.
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WATCH THIS STORY: NFL Goat Tom Brady’s Golf Partner Coaxes Tiger Woods Into a Chilly Exchange Infront of Live Camera
What are your thoughts on the Charlotte Hornets sale? Let us know in the comments below.
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