When Will LeBron Actually Own a Team?
Competing for GOAT honors isn’t enough. When he travels to the All-Star Game in Charlotte, North Carolina, LeBron James will doubtless be coveting NBA legend Michael Jordan’s 2010 purchase of the city’s Hornets franchise, which has quadrupled in value. When King James retires, he’s expected to make his own ownership play.
How hard will it be? Jordan’s acquisition was a bargain during an economic slump, and prices are above a billion these days, but it’s expected that James can lead an investment group and increase ownership over time.