Michael Jordan nominated for award that dispels – Sports News
Michael Jordan has usually been judged harshly for his time as an NBA proprietor. Now, a new honor from the sports activities industry is difficult that long-held narrative.
Jordan has been nominated for Executive of the Year on the nineteenth annual Sports Business Awards, organized by Sports Business Journal.
The nomination locations Jordan amongst some of essentially the most highly effective leaders in sports activities business, together with ESPN chairman Jimmy Pitaro, NBC Sports president Rick Cordella, TKO Group president Mark Shapiro and TWG Global CEO Mark Walter.
For Jordan, the popularity is tied to the speedy rise of 23XI Racing, the NASCAR crew he co-founded with driver Denny Hamlin in 2020.
In simply a few seasons, the group has turn out to be one of the game’s most seen groups, competing within the NASCAR Cup Series and attracting main sponsors.
The crew’s growing profile not too long ago reached a new degree when driver Tyler Reddick delivered a landmark Daytona 500 victory, giving the group one of the game’s most prestigious wins.
The nomination comes after years of criticism directed at Jordan’s tenure as majority proprietor of the Charlotte Hornets. Jordan bought a controlling stake within the franchise in 2010 and remained majority proprietor for 13 years earlier than promoting the crew in 2023 for roughly $3 billion.
The Bobcats struggled on the court docket and within the entrance workplace, most notably during the lockout-shortened 2011–12 season when the crew completed 7–59. That file produced a .106 successful proportion, the bottom in NBA historical past on the time, and fueled criticism of Jordan’s choices as an govt.
Jordan had first joined the franchise in 2006 when he purchased a minority stake and took control of basketball operations earlier than finally turning into majority proprietor 4 years later. His buy additionally made him the primary former NBA participant to turn out to be the bulk proprietor of a league franchise.
Although the crew struggled for sustained on-court success during his tenure, the franchise’s financial worth rose dramatically.
When Jordan agreed to sell his majority stake in 2023 to Gabe Plotkin and Rick Schnall, the deal valued the crew at roughly $3 billion. That represented a huge increase from the roughly $275 million Jordan paid when he first acquired the franchise.
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