Tearing up multiple times during his 10-minute acceptance speech, the NBA Hall of Famer and Hornets majority owner said he was grateful for the honor and support he had building the franchise.
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“I’ve been criticized in a lot of different areas from a business standpoint, but I take pride in the ideas and concepts and views that come out of this organization to build the type of basketball program … that the city of Charlotte can be proud of.”
To make the week better for Jordan, Forbes announced Wednesday that the Hornets are worth $725 million (a 77 percent year-to-year increase). Even with that improvement, the Hornets remain ranked 26th among 30 NBA franchises. Jordan paid an estimated $175 million for majority interest in the team in 2010.
