• About Us
  • Contact Us
  • Terms and Conditions
  • Privacy Policy
  • Correction Policy
  • Ethics Policy
Friday, June 2, 2023
Sportsmanor
  • Home
  • UFC
  • NBA
  • Football
  • Boxing
  • WWE
  • NFL
  • Tennis
  • Formula 1
  • US Sports
  • Esports
  • Web Stories
No Result
View All Result
  • Home
  • UFC
  • NBA
  • Football
  • Boxing
  • WWE
  • NFL
  • Tennis
  • Formula 1
  • US Sports
  • Esports
  • Web Stories
No Result
View All Result
Sportsmanor
No Result
View All Result

Home » Basketball » NBA » Billionaire Michael Jordan Loses Close to $500 Million After Huge Turnaround in the 2023 NBA Draft Lottery

Billionaire Michael Jordan Loses Close to $500 Million After Huge Turnaround in the 2023 NBA Draft Lottery

Adarsh Param by Adarsh Param
May 18, 2023, 02:31 PM
in Basketball, NBA
0
Michael Jordan looking sad and 2023 NBA Draft prospect Victor Wembanyama

Michael Jordan looking sad and 2023 NBA Draft prospect Victor Wembanyama (Credit: Twitter)

A streak of bad luck seems to be following Michael Jordan during his position as a majority owner. As some NBA fans might be aware, the Chicago Bulls legend was able to find enough success on the court and through endorsements that he was able to purchase the Charlotte Hornets.

Since his team hasn’t been in postseason contention much throughout his tenure as owner, he was certainly looking for some change and franchise-inspiring talent. However, things have not really turned his way after the 2023 NBA Draft Lottery. Let us take a better look and find out how MJ has lost out.

Michael Jordan missed securing Victor Wembanyama during the 2023 NBA Draft lottery 

It has been quite a bad season for the Hornets. Not only did they lose their star player in LaMelo Ball for the majority of this season, but they also finished with a subpar record of 27 wins and 55 losses. That would make them one of the 4 worst teams in the entire NBA alongside the Pistons, Spurs, and Rockets.

The NBA draft lottery is today!

The Detroit Pistons have the best odds in the east to land the #1 pick with a 14% chance.

The Charlotte Hornets are in second with a 12.5% chance. pic.twitter.com/oy2AvIoldC

— EastMuse (@EastMuse) May 16, 2023

 

The only good news would be that their odds of securing the first pick of the 2023 NBA Draft would be quite high. This would be an ideal situation for the Hornets provided they were able to win the NBA Draft lottery. After all, pairing up young stars like LaMelo Ball and Victor Wembanyama would undoubtedly turn the Hornets into contenders.

However, luck has not been on MJ’s side. The Hornets ended up with the second pick after having lost the first to the San Antonio Spurs. That would mean the Spurs have the first pick in the draft and would most likely choose Wemby. On the other hand, the Hornets will now be looking to secure Scoot Henderson or some of the other top picks in the draft class.

Time to bring back the Crying Jordan meme after the Charlotte Hornets are missing out on Victor Wembanyama? pic.twitter.com/9FRvyXrXKx

— Playbook Sports (@PlaybookSN) May 17, 2023

 

Since Victor Wembanyama has been hyped up as a generational talent, analysts have argued that his mere presence would increase the financial revenue of a franchise. The reports estimate that he would boost the net worth of a team by $497 million.

Victor Wembanyama will be a Spur 🤯
And Michael Jordan still has the Hornets listed for sale.

— Nicolas Kwon (@NicolasKwon_TOR) May 17, 2023

 

As a result of this, we can claim that Jordan missed out on yet another tremendous opportunity to revolutionize his team. Hopefully, Scoot Henderson is still able to develop and carry the team back into relevance.

 

Share This Article
Tags: Charlotte HornetsMichael JordanNBAVictor Wembanyama
Adarsh Param

Adarsh Param

A senior NBA writer at Sportsmanor. Adarsh Param is currently becoming a better athlete and writer at the same time. He has been content writing for more than a year and is a graduate in Journalism, Psychology, and English

Related Posts

Tee Morant (Credits - Sportskeeda and Twitter)

Painting of Ja Morant’s Father Tee Morant and Former US President Barack Obama Goes Viral Amid NBA Star’s Suspension

June 2, 2023
Michael Jordan (Left) & Jordan 1 shoes (right)

“Jordan Single-Handedly Saved Nike” – Michael Jordan Leaves the NBA World Baffled After Shattering Nike’s Conditions for First Contract in 1984

June 2, 2023
No Result
View All Result
  • About Us
  • Contact Us
  • Terms and Conditions
  • Privacy Policy
  • Correction Policy
  • Ethics Policy

MANORCO PVT LTD © 2022 | All Rights Reserved

No Result
View All Result
  • Home
  • UFC
  • NBA
  • Football
  • Boxing
  • Tennis
  • NFL
  • WWE
  • Formula 1
  • US Sports
  • Esports
  • Web Stories
  • About Us
  • Contact Us
  • Correction Policy
  • Ethics Policy
  • Privacy Policy
  • Terms and Conditions

MANORCO PVT LTD © 2022 | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In