How much did Michael Jordan need to spend to buy the Chicago Bulls?

Michael Jordan was a symbol not only of the NBA, but also of the Chicago Bulls, a team he played for for 13 seasons, making him the best basketball player in history, as many people define him. Now, instead of saying goodbye to his home, he has become its owner, which is obviously his wish.

The media Pasión Basket assures that the star plans to acquire the franchise, although according to the analysis of Forbes magazine he will pay a high price of $4.6 billion (according to the valuation of the franchise). It was also explained there that its operating income (including interest income, taxes, depreciation and amortization) would be $115 million during the 2022-23 season.

Currently, the Bulls are commanded by their owner, Jerry Reinsdorf, who was born on February 25, 1936. In 1981, he purchased and paid for a basketball franchise, along with Major League Baseball’s Chicago White Sox and other partners. That’s quite low compared to today’s value.

Reinsdorf and Jordan have been involved in numerous public feuds over the years, although when the former shooting guard announced his retirement, executives defined him as “It was the best and it will be the best in the future.”

“I love this team because of everything they’ve done for me. “They’ve given me the best time of my life. “According to Pasión Basket, Jordan revealed and added: “It’s time to take control of this team and get this team back where it belongs, to the top.” leave Understand your business intentions.

In June 2023, it was reported that Michael Jordan decided to sell the Charlotte Hornets for $3 billion. He was the majority shareholder of the team and paid $275 million for it. His main purpose at that time was to conduct business shrewdly and make a handsome profit, which he evidently accomplished.