The crisis generated by the coronavirus pandemic has affected everyone, not even the great figures of sport have been saved and they have also been with ups and downs due to the current context. One of them is Michael Jordan, legend of the NBA.
The former Chicago Bull player has lost more than $ 200 million due to the financial crisis, produced by the pandemic. His most recent headache was due to the Wall Street crash after the GameStop episode.
This mass campaign caused losses of 1.6 billion dollars. This caused investment funds such as Melvin Capital to ask for a rescue of 2.75 billion to avoid bankruptcy and disappear.
The relationship with Jordan is that this company is managed by Gabe Plotkin and Daniel Sundhein, partners of ‘Air’ in the Charlotte Hornets. The three partnered in 2019 to take the reins of the NBA team.
“Jordan couldn’t have chosen a worse time to partner with them as investors. They are having catastrophic losses in this war on Wall Street ”, assured the portal Basketball Forever.
The NBA six-ring winner already has losses of more than $ 200 million in 2020 due to the pandemic. And the amount could continue to increase due to the current situation of Melvin Capital.
A reality that could force Jordan to seek new partners due to the Plotkin and Sundheim situation. The fortune of ‘Air’ amounts to more than 1,600 million dollars.
