OT: Jordan sold because he lost a bet?

[Piston Pete]

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[Pharaoh]

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[bstein14]

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It was well publicized at the time, but his business parter was a billionaire hedge fund guy who also invested a lot of Jordan's money. Jordan lost a half billion on the GameStop and AMC "retail trader" short squeeze attempts. Jordan's money was short Gamestop and he lost a fortune on it.

[theBigLip]

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It was well publicized at the time, but his business parter was a billionaire hedge fund guy who also invested a lot of Jordan's money. Jordan lost a half billion on the GameStop and AMC "retail trader" short squeeze attempts. Jordan's money was short Gamestop and he lost a fortune on it.

Wow!

[Spider156]

Not surprised to see Jordan lose this much money. He was always a gambling addict.

Lebron will be a much better owner than Jordan which will likely end the discussion of the greatest basketball player.

[440BB]

Lebron will be a much better owner than Jordan which will likely end the discussion of the greatest basketball player.

Huh? When did being a good owner make one a better player?

[Spider156]

Lebron will be a much better owner than Jordan which will likely end the discussion of the greatest basketball player.

Huh? When did being a good owner make one a better player?

He’s the better player for sure in my opinion but legacy means a lot. Steve Kerr’s legacy is huge now because he won as a coach. Joe Dumars legacy is huge because he’s won 3 championships for Detroit. Owners get credit too.

[DBC10]

FYI this is just pure unsubstantiated information. Jordan only "bet" or bought a short for $500 million of which his fund manager made the investment anyways so Jordan wouldn't be incurring some infinite interest payments or premiums to stay the short. Rather his manager would be on the hook for it. So Jordan is realistically only out $500 million not billions to place the Hornets as collateral to pay some recurring massive losses. Once you get to the billions like that, you don't all of sudden start incurring infinite losses to make you throw everything into the fire to pay off stuff

The realistic answer is he bought the team for $270 million, got bored and netted $3 billion gross and is that much richer. Nothing more or less

[Invictus88]

Lebron will be a much better owner than Jordan which will likely end the discussion of the greatest basketball player.

In reading this thread I got to this quote and instantly thought: Well played. Should have been in green font but nice trolling.




And then I read further and realized that no... he's actually saying it with a straight face.

[Spider156]

Lebron will be a much better owner than Jordan which will likely end the discussion of the greatest basketball player.

In reading this thread I got to this quote and instantly thought: Well played. Should have been in green font but nice trolling.




And then I read further and realized that no... he's actually saying it with a straight face.

Oh yeah i’m serious man. I’m pretty serious. There’s a reason everyone hands down says Muhammad Ali is the greatest athlete of all time or say boxer. Everyone knows Mike Tyson would wipe him out even Muhammad Ali himself. Why is the respect given to Muhammad Ali? Because of his fighting for black citizen rights. He’s done more than any single athlete you can think of for people. Lebron has done beyond what Jordan has done on and off the court. In my opinion the problem Lebron made is he came in and crowned himself King and got hated on for the rest of the career for it. The truth is he’s had no PR trouble, no family trouble, no cheating gambling nothing messy. He’s done an outstanding job supporting communities and players. As a basketball team owner that will definitely play into his legacy. He might even be bigger than what he was as an athlete, the new Oprah. In general he is quite young so I can imagine he’s got a lot of philanthropy ahead of him and if you take that away from him that’s a shame.

What does that mean?

What a player does off the court absolutely makes a difference in how their legacy is viewed by the public. Everyone knows Mike Tyson can annihilate Muhammad Ali, Muhammad Ali said it himself. But nobody is better than Muhammad Ali, he’s the greatest. Everyone knows that

[Invictus88]

Lebron will be a much better owner than Jordan which will likely end the discussion of the greatest basketball player.

In reading this thread I got to this quote and instantly thought: Well played. Should have been in green font but nice trolling.




And then I read further and realized that no... he's actually saying it with a straight face.

Oh yeah i’m serious man. I’m pretty serious. There’s a reason everyone hands down says Muhammad Ali is the greatest athlete of all time or say boxer. Everyone knows Mike Tyson would wipe him out even Muhammad Ali himself. Why is the respect given to Muhammad Ali? Because of his fighting for black citizen rights. He’s done more than any single athlete you can think of for people. Lebron has done beyond what Jordan has done on and off the court. In my opinion the problem Lebron made is he came in and crowned himself King and got hated on for the rest of the career for it. The truth is he’s had no PR trouble, no family trouble, no cheating gambling nothing messy. He’s done an outstanding job supporting communities and players. As a basketball team owner that will definitely play into his legacy. He might even be bigger than what he was as an athlete, the new Oprah. In general he is quite young so I can imagine he’s got a lot of philanthropy ahead of him and if you take that away from him that’s a shame.

What does that mean?

What a player does off the court absolutely makes a difference in how their legacy is viewed by the public. Everyone knows Mike Tyson can annihilate Muhammad Ali, Muhammad Ali said it himself. But nobody is better than Muhammad Ali, he’s the greatest. Everyone knows that

I don't know anything about boxing. I don't know other than what you use to determine whether they are good boxers other than record and strength of opponents. I don't know what metrics inside the ring you can use to justify whether one is better than another. I visit a basketball forum to talk basketball. All of the word vomit above is completely wasted on me.

I do know one thing though. A boxer takes part in the sport of boxing. That sport takes place in a ring and follows the rules of the sport. If boxer A and boxer B perform equally inside the ring I think it's safe to say they are equally as good as each other. It makes not one lick of difference whether boxer A is a better manager than boxer B; because being a manager has nothing to do with the results inside the ring.

Apply the same logic to the sport of basketball.

[Spider156]

In reading this thread I got to this quote and instantly thought: Well played. Should have been in green font but nice trolling.




And then I read further and realized that no... he's actually saying it with a straight face.

Oh yeah i’m serious man. I’m pretty serious. There’s a reason everyone hands down says Muhammad Ali is the greatest athlete of all time or say boxer. Everyone knows Mike Tyson would wipe him out even Muhammad Ali himself. Why is the respect given to Muhammad Ali? Because of his fighting for black citizen rights. He’s done more than any single athlete you can think of for people. Lebron has done beyond what Jordan has done on and off the court. In my opinion the problem Lebron made is he came in and crowned himself King and got hated on for the rest of the career for it. The truth is he’s had no PR trouble, no family trouble, no cheating gambling nothing messy. He’s done an outstanding job supporting communities and players. As a basketball team owner that will definitely play into his legacy. He might even be bigger than what he was as an athlete, the new Oprah. In general he is quite young so I can imagine he’s got a lot of philanthropy ahead of him and if you take that away from him that’s a shame.

What does that mean?

What a player does off the court absolutely makes a difference in how their legacy is viewed by the public. Everyone knows Mike Tyson can annihilate Muhammad Ali, Muhammad Ali said it himself. But nobody is better than Muhammad Ali, he’s the greatest. Everyone knows that

I don't know anything about boxing. I don't know other than what you use to determine whether they are good boxers other than record and strength of opponents. I don't know what metrics inside the ring you can use to justify whether one is better than another. I visit a basketball forum to talk basketball. All of the word vomit above is completely wasted on me.

I do know one thing though. A boxer takes part in the sport of boxing. That sport takes place in a ring and follows the rules of the sport. If boxer A and boxer B perform equally inside the ring I think it's safe to say they are equally as good as each other. It makes not one lick of difference whether boxer A is a better manager than boxer B; because being a manager has nothing to do with the results inside the ring.

Apply the same logic to the sport of basketball.

That logic is word vomit in of itself. Sports are bigger than what happens on the court/field/ring. These players are icons to many people, their characters, backgrounds, stories are bigger than the sport itself. You can’t find a more beautiful story than Giannis in the NBA. To defy all odds and come from nothing and become everything in the sport, you don’t take that away from Giannis. In addition, these players now apparently will become billionaires making them even bigger difference makers in the community. Sports isn’t just about talent, it’s about the person and what they represent and what they are fighting for.

It’s as if you’re saying war veterans were just at war and what they fought for doesn’t matter, only thing that matters is who won the war. No. These soldiers gave up their lives for something bigger than themselves. Even the ones who survive end up with PTSD and all sorts of disease. Sports don’t determine life and death like wars do but they absolutely represent more than the sport itself.

[Invictus88]

Oh yeah i’m serious man. I’m pretty serious. There’s a reason everyone hands down says Muhammad Ali is the greatest athlete of all time or say boxer. Everyone knows Mike Tyson would wipe him out even Muhammad Ali himself. Why is the respect given to Muhammad Ali? Because of his fighting for black citizen rights. He’s done more than any single athlete you can think of for people. Lebron has done beyond what Jordan has done on and off the court. In my opinion the problem Lebron made is he came in and crowned himself King and got hated on for the rest of the career for it. The truth is he’s had no PR trouble, no family trouble, no cheating gambling nothing messy. He’s done an outstanding job supporting communities and players. As a basketball team owner that will definitely play into his legacy. He might even be bigger than what he was as an athlete, the new Oprah. In general he is quite young so I can imagine he’s got a lot of philanthropy ahead of him and if you take that away from him that’s a shame.

What does that mean?

What a player does off the court absolutely makes a difference in how their legacy is viewed by the public. Everyone knows Mike Tyson can annihilate Muhammad Ali, Muhammad Ali said it himself. But nobody is better than Muhammad Ali, he’s the greatest. Everyone knows that

I don't know anything about boxing. I don't know other than what you use to determine whether they are good boxers other than record and strength of opponents. I don't know what metrics inside the ring you can use to justify whether one is better than another. I visit a basketball forum to talk basketball. All of the word vomit above is completely wasted on me.

I do know one thing though. A boxer takes part in the sport of boxing. That sport takes place in a ring and follows the rules of the sport. If boxer A and boxer B perform equally inside the ring I think it's safe to say they are equally as good as each other. It makes not one lick of difference whether boxer A is a better manager than boxer B; because being a manager has nothing to do with the results inside the ring.

Apply the same logic to the sport of basketball.

That logic is word vomit in of itself. Sports are bigger than what happens on the court/field/ring. These players are icons to many people, their characters, backgrounds, stories are bigger than the sport itself. You can’t find a more beautiful story than Giannis in the NBA. To defy all odds and come from nothing and become everything in the sport, you don’t take that away from Giannis. In addition, these players now apparently will become billionaires making them even bigger difference makers in the community. Sports isn’t just about talent, it’s about the person and what they represent and what they are fighting for.

It’s as if you’re saying war veterans were just at war and what they fought for doesn’t matter, only thing that matters is who won the war. No. These soldiers gave up their lives for something bigger than themselves. Even the ones who survive end up with PTSD and all sorts of disease. Sports don’t determine life and death like wars do but they absolutely represent more than the sport itself.

I'm literally saying nothing of what you are suggesting. Please don't put words in my mouth; especially regarding the appreciation (or suggested lack thereof) of our veterans.

I still maintain this continues to be a simple premise to grasp and accept the fact that we will not agree here.