WEBVTT - Michael Jordan Sells The Hornets for $3 Billion!

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

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<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:00:11.920 --> 0:00:15.840
<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

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<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 1>crossings are at the lowest levels ever recorded, and over

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<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 1>are here illegally, your next you will be fined nearly

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<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

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<v Speaker 1>never return. But if you register using our CBP home

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<v Speaker 1>app and leave now, you could be allowed to return legally.

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<v Speaker 1>Do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 1>border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security.

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<v Speaker 3>Michael Michael, Jeffrey, Billy Got Man. Billy got so many

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<v Speaker 3>different things. Man you know has done so much as

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<v Speaker 3>far as culture, sports, business, you know, just an iconic

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<v Speaker 3>person all the way around. So he purchased the Charlotte Bobcats. Yes,

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<v Speaker 3>at the time, they were called the Charlotte Bobcats. Twenty

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<v Speaker 3>ten and they were called the Charlotte Bobcats because Rob Johnson,

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<v Speaker 3>Bob Johnson, the owner, former owner of BT who shot

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<v Speaker 3>to Tyler Perry. He just purchased BT. He named the

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<v Speaker 3>team and then they renamed it to the Charlotte Hornets.

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<v Speaker 3>They named it because after him. That's what I'm saying.

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<v Speaker 3>His name, his name is Bob. Name the Bobcats, and

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<v Speaker 3>then you know, they bought it. They changed it to

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<v Speaker 3>the Charlotte.

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<v Speaker 4>Which was an existent franchise in New Orleans but originally

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<v Speaker 4>started Charlotte.

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<v Speaker 3>And that hasn't really worked out. They haven't really been

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<v Speaker 3>too good at all. They had a few good years

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<v Speaker 3>with Kimba was there the.

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<v Speaker 4>Early years with Jerald Willa's Stephen Jackson. They made the playoffs,

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<v Speaker 4>but it's been downhill. The great investment for him though.

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<v Speaker 3>Yeah, But so he brought the team for one hundred

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<v Speaker 3>and eighty and sold it sold for three billion. Now

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<v Speaker 3>he doesn't get all three billion because he wasn't the

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<v Speaker 3>only owner in it, but he was majority owner. So

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<v Speaker 3>he's gonna walk away with a nice paycheck.

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<v Speaker 2>Yeah, so just really quick.

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<v Speaker 4>So people understand that he bought sixty five percent majority

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<v Speaker 4>state from Bob Johnson in twenty ten, right, so that

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<v Speaker 4>was one hundred and eighty million dollars investment. Now the

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<v Speaker 4>reports are saying that it's sold for three billion, so right,

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<v Speaker 4>he doesn't get three billion, right, he owned sixty five

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<v Speaker 4>percent of that, But then in twenty nineteen he also

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<v Speaker 4>sold shares of it. So let's say it got diluted

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<v Speaker 4>down to sixty percent. Even with this sale, he's still

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<v Speaker 4>going to be a minority owner owner. It's just not

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<v Speaker 4>a just gave up his majority stake. So let's say

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<v Speaker 4>he sold fifty percent of it. Let's say he kept

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<v Speaker 4>a ten percent steak ten percent, so that means he

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<v Speaker 4>has a He let go of forty percent of his ownership,

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<v Speaker 4>forty percent of.

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<v Speaker 2>Three billion till one point two. That's a hell of

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<v Speaker 2>a win's that's one point fourteen.

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<v Speaker 5>Like you we were talking about like not in the

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<v Speaker 5>major city and to get this kind of return in

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<v Speaker 5>a few years, I mean we talked about it a

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<v Speaker 5>couple of weeks ago. But Gabe a kudos to him, ploking.

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<v Speaker 5>He's a huge venture Capital guy. But also like Jake

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<v Speaker 5>Colet ends up being a minority. That's that's the dope

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<v Speaker 5>part of it.

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<v Speaker 4>And I was like, this, amazing, that's the dope part

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<v Speaker 4>of shark gresson North Carolina guy. But that's one hundred

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<v Speaker 4>and eighty million dollars that'stment in twenty ten is now

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<v Speaker 4>worth one point two billion in twenty twenty three.

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<v Speaker 2>The power of a.

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<v Speaker 5>Long term holder, that's the only thing I thought. It was, like,

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<v Speaker 5>the longer you hold any asset class, the higher the

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<v Speaker 5>yield it's going to be, especially when you factor inflation.

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<v Speaker 5>Like imagine if you were the own part of the

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<v Speaker 5>Lakers with the exit would have been.

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<v Speaker 3>But then also, we live in a world where everything

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<v Speaker 3>goes up. So you have one barrel apartment in Manhattan

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<v Speaker 3>selling for one point three million dollars, like you know

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<v Speaker 3>what I mean. So it's like buy real estate, is

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<v Speaker 3>going to go up, by good stocks, is going to

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<v Speaker 3>go up, by a sports franchise. It's going to go

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<v Speaker 3>buy something that has value, and it's going to go up.

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<v Speaker 3>And you know, some things go up higher than others.

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<v Speaker 3>But that's just you know, in the simplest sixth grade explanation,

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<v Speaker 3>buy good investments over the course of time, hold them

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<v Speaker 3>and you will be able to sell out a profit.

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<v Speaker 4>Yeah, And there's a difference between the investment and the

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<v Speaker 4>performance of the team. Right, So people look like they've

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<v Speaker 4>never been good will people go into games? But were

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<v Speaker 4>people watching the NBA where the TV rights deals going

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<v Speaker 4>up during that time? Right, So when they talk about

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<v Speaker 4>profit sharing, that goes to all the teams. Right, and

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<v Speaker 4>we're talking about licensing deals. Anytime you know, Jordan's involved

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<v Speaker 4>with something, I mean alone, his name alone is strong.

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<v Speaker 4>But this is this is one of those those times

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<v Speaker 4>it's like wow.

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<v Speaker 3>But then also this goes back to the real estate

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<v Speaker 3>situation where your neighborhood is more important than the actual

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<v Speaker 3>house a lot of times, because like, you can have

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<v Speaker 3>the best house, but if it's in a bad neighborhood,

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<v Speaker 3>the appreciation is not going to be that much. You

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<v Speaker 3>can have a decent home and never really do anything

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<v Speaker 3>to it, but if it's in a great neighborhood, then

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<v Speaker 3>the house is just valuable just because like the worst

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<v Speaker 3>home in Beverly Hills costs more than the best home

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<v Speaker 3>in a middle class neighborhood, even if it's not even

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<v Speaker 3>a good home, because where it's at somebody will just

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<v Speaker 3>tear it down just for the land. So it's like

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<v Speaker 3>the same thing with the NBA, Like it doesn't matter

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<v Speaker 3>NBA NFL what Yeah, just because you're in a league

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<v Speaker 3>that has such value and it's going up over the

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<v Speaker 3>course of time. You have the worst team, your team

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<v Speaker 3>is still valuable.

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from El Salvador

0:07:37.880 --> 0:07:42.000
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:07:42.080 --> 0:07:45.960
<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christine Nohm, the United States

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<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:07:58.280 --> 0:08:01.840
<v Speaker 1>crossings are at the lowest level ever recorded, and over

0:08:01.880 --> 0:08:05.120
<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

0:08:05.200 --> 0:08:09.040
<v Speaker 1>were here illegally, your next you will be fine nearly

0:08:09.120 --> 0:08:13.160
<v Speaker 1>one thousand dollars a day, imprisoned and deported, you will

0:08:13.200 --> 0:08:16.840
<v Speaker 1>never return. But if you register using our CBP home

0:08:16.880 --> 0:08:20.239
<v Speaker 1>app and leave now, you could be allowed to return legally.

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<v Speaker 1>Do what's right.

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<v Speaker 3>Leave now.

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<v Speaker 1>Under President Trump, America's laws, border and families.

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<v Speaker 2>Will be protected. Sponsored by the United States Department of

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<v Speaker 2>Homeland Security.

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<v Speaker 4>It's why the Knicks are the number two most valuable team.

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<v Speaker 4>They haven't because where are they located? Where did they play?

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<v Speaker 4>They play in the middle of Manhattan, they play in

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<v Speaker 4>New York City. I mean it's prominently and you know,

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<v Speaker 4>massive square garden he holds.

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<v Speaker 2>What would he get for it?

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<v Speaker 4>I mean if Charlie so for three billion, and I

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<v Speaker 4>think the number one evaluated team right now is Golden

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<v Speaker 4>State and that's because of the recent history of winning.

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<v Speaker 4>Is that like I think seven billion or six maybe

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<v Speaker 4>six billion. I mean, if they ever for New York

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<v Speaker 4>for the next is I'm thinking we're going double digits.

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<v Speaker 4>I think we're going double It's got to be over

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<v Speaker 4>ten today. Yeah, over ten for sale. Okay, the Sun

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<v Speaker 4>sold last season for four billion.

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<v Speaker 2>It's a good point.

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<v Speaker 4>So right, Lakers, you put a couple franchises in there,

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<v Speaker 4>Lakers would be up there. Knicks Celtics maybe, uh, definitely

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<v Speaker 4>the Lakers and the Knicks. I think double digit billion valuation.

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<v Speaker 5>And the reason why we're talking about this it's really

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<v Speaker 5>important to know the evaluation of everything. Like the first

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<v Speaker 5>time I went to F one, and I've now been

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<v Speaker 5>watching the Racist, there are some money and those like.

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<v Speaker 2>Wait, the car costs how much?

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<v Speaker 5>And their pit crew a certain amount of millions, like

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<v Speaker 5>I was playing Hitman le Xander, like last year. That

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<v Speaker 5>was the first time I ever knew about F one.

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<v Speaker 5>So to then go and see the business behind it,

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<v Speaker 5>Like once you understand the evaluations of these teams, now

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<v Speaker 5>they're looking a hole for the same team cycle.

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<v Speaker 4>It's the reason why you see people fighting to get

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<v Speaker 4>an NBA team in Las Vegas. Yeah, it's the reason

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<v Speaker 4>why you see somebody trying to bring a franchise back

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<v Speaker 4>to Seattle. Like Stan Hanky, who just won a championship

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<v Speaker 4>with the Nuggets. That's great, but that's his NBA team.

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<v Speaker 4>You know who His NFL team is, the La rent Right,

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<v Speaker 4>he won a Super Bowl with them a couple of

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<v Speaker 4>years ago. Just won an NBA championship right in Denver.

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<v Speaker 4>And now he's looking at like what other sports league

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<v Speaker 4>he owns? The Colorado Avalanche. They've won a Stanley Cup

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<v Speaker 4>over the past ten years, and so he's taking care.

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<v Speaker 4>He's just not looking at it like, wait, I have

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<v Speaker 4>a franchise in Denver, let me stay in Denver. He's

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<v Speaker 4>looking at it like where's the best place for me

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<v Speaker 4>to own a franchise. Now his next thing they're saying

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<v Speaker 4>is like he's looking to bring football back to San

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<v Speaker 4>Diego or bring an NBA team to San Diego, a

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<v Speaker 4>great sports town that lost the Chargers, right, they haven't

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<v Speaker 4>had a professional basketball team maybe ever.

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<v Speaker 2>And so they're looking at these cities.

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<v Speaker 4>Seattle is another city to have basketball history, how do

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<v Speaker 4>we get it back? And so now having franchises in

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<v Speaker 4>different cities and different sports. This is bigger than just like, hey,

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<v Speaker 4>I'm fan of the team. Now, this is a business

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<v Speaker 4>transactions business behind that. And these same people that are

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<v Speaker 4>investing in owning these teams. Homework assignment number two, go

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<v Speaker 4>do some research on them to see what their investment

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<v Speaker 4>philosophy is. Because if he was able to win titles

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<v Speaker 4>in multiple sports, there's a philosophy that he has on

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<v Speaker 4>ownership and turning the team around.

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<v Speaker 2>Please gonna study that.

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<v Speaker 5>To help you in your investment journey so you can

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<v Speaker 5>print more games in the market.

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<v Speaker 3>But James Dolan, and he's probably one of the best

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<v Speaker 3>in business that we've ever seen because the Knicks, the Rangers,

0:11:30.600 --> 0:11:34.760
<v Speaker 3>but Madison Square Garden owns Square Garden. Yeah, So I mean,

0:11:34.800 --> 0:11:37.320
<v Speaker 3>you can say what you want about him, but my

0:11:37.360 --> 0:11:39.440
<v Speaker 3>commentation is only the next not No, I'm just saying

0:11:39.520 --> 0:11:41.000
<v Speaker 3>a lot of people, you know, they a lot of

0:11:41.000 --> 0:11:44.240
<v Speaker 3>people don't like James Dolan. But I'm just saying, Madison

0:11:44.240 --> 0:11:46.199
<v Speaker 3>Square Guarden, can you even put a price tag on that?

0:11:46.320 --> 0:11:51.120
<v Speaker 3>The world's most famous, right, I'm just saying, like if

0:11:51.160 --> 0:11:53.760
<v Speaker 3>you just had, like you know, it's like Madison Square

0:11:53.720 --> 0:11:55.480
<v Speaker 3>Garden is such an iconic that's the nu.

0:11:56.360 --> 0:11:58.680
<v Speaker 4>He's making money when the Knicks don't play, and he's

0:11:58.679 --> 0:12:01.280
<v Speaker 4>making money when the Rangers don't play because when they're

0:12:01.280 --> 0:12:02.640
<v Speaker 4>not playing, there's a concertent.

0:12:02.679 --> 0:12:06.440
<v Speaker 5>I couldn't get into that Hairstyles concert to save my life.

0:12:05.400 --> 0:12:09.959
<v Speaker 3>He's the CEO of MSG. Yeah, he's the owner of

0:12:10.000 --> 0:12:14.240
<v Speaker 3>the Knicks, the owner of the Rangers. So yeah, I

0:12:14.280 --> 0:12:16.120
<v Speaker 3>mean he could do nothing else for the rest of

0:12:16.160 --> 0:12:18.560
<v Speaker 3>his life and just and just be super good just

0:12:18.600 --> 0:12:21.040
<v Speaker 3>off of that alone, that that one building, just that

0:12:21.120 --> 0:12:21.800
<v Speaker 3>one building.

0:12:22.360 --> 0:12:23.719
<v Speaker 2>Yeah, he got everything.

0:12:23.360 --> 0:12:26.240
<v Speaker 4>Even inside of that building, that structure, you got penstation

0:12:27.200 --> 0:12:31.680
<v Speaker 4>that that translates into another vertical right. It's it's a

0:12:32.160 --> 0:12:33.640
<v Speaker 4>like you said, it's publicly trade. I don't even think

0:12:33.679 --> 0:12:35.760
<v Speaker 4>people really know that, but yes, it's publicly traded. So

0:12:35.920 --> 0:12:37.800
<v Speaker 4>he's gonna make money regards which is kind of why

0:12:37.840 --> 0:12:41.160
<v Speaker 4>people to test him, because it's like he doesn't if

0:12:41.200 --> 0:12:41.680
<v Speaker 4>they win.

0:12:41.640 --> 0:12:44.840
<v Speaker 2>Or not, it doesn't don't matter exactly does Dicks fans.

0:12:44.880 --> 0:12:46.480
<v Speaker 4>I know it sucks and shout out to the Dix fans,

0:12:46.480 --> 0:12:48.040
<v Speaker 4>But he's gonna make money regardless.

0:12:49.960 --> 0:12:55.160
<v Speaker 3>My graduates from my school being forced back drop drop

0:12:55.800 --> 0:12:58.200
<v Speaker 3>Mike drop back drop drop.

0:13:08.559 --> 0:13:12.160
<v Speaker 1>An illegal alien from Guatemala charged with raping a child

0:13:12.240 --> 0:13:16.040
<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

0:13:16.280 --> 0:13:20.400
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:13:20.480 --> 0:13:24.400
<v Speaker 1>filming and selling child pornography in Michigan. These are just

0:13:24.480 --> 0:13:28.240
<v Speaker 1>some of the heinous migrant criminals caught because of President

0:13:28.280 --> 0:13:31.800
<v Speaker 1>Donald J. Trump's leadership. I'm Christy Noman, the United States

0:13:31.880 --> 0:13:36.680
<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:13:36.720 --> 0:13:40.240
<v Speaker 1>crossings are at the lowest levels ever recorded, and over

0:13:40.320 --> 0:13:43.520
<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

0:13:43.600 --> 0:13:47.439
<v Speaker 1>are here illegally, your next you will be fined nearly

0:13:47.559 --> 0:13:51.560
<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

0:13:51.600 --> 0:13:55.240
<v Speaker 1>never return. But if you register using our CBP home

0:13:55.280 --> 0:13:58.679
<v Speaker 1>app and leave now, you could be allowed to return legally.

0:13:59.040 --> 0:14:03.720
<v Speaker 1>Do what's right. Leave now. Under President Trump, America's laws,

0:14:03.960 --> 0:14:06.360
<v Speaker 1>border and families will be protected.

0:14:06.480 --> 0:14:08.720
<v Speaker 2>Sponsored by the United States Department of Homeland Security,