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M. Jordan could be the next owner of the Suns.....

Discussion in 'NBA Dish' started by tigereye, Mar 8, 2004.

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  1. tigereye

    tigereye Member

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    Info courtesy of my source at sportsbusinessdaily.com......

    Suns Owner Jerry Colangelo has hired Lehman Bros. to find a buyer for the team, indicating that his preference would be to find someone who would first take a minority stake in the Suns and then assume full ownership over a six-to 10-year period.

    Other sources indicated that the team is for sale and that a prospectus has been circulating a few for weeks. Colangelo is facing two onrushing issues: his own retirement and inheritance taxes as many family-owned teams, including the Falcons and Jets, have been sold in part because of estate-planning concerns. Lehman Bros. arranged the sale of the Nets earlier this year for $300M, an amount Lehman is sure to try to match, if not exceed with the Suns

    Chicago Tribune columnist Sam Smith's report that indicated Michael Jordan is interested in buying the team.

    In his column, Smith wrote, "The latest leaguewide rumor has the Suns cutting payroll for an eventual sale and Jordan moving in".
     
    #1 tigereye, Mar 8, 2004
  2. Rocketman15

    Rocketman15 Member

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    Geez Mike just can't leave the game. Unlike Washington at least if he buys the Suns he will have 2 great players to build around in Marion and Stoudmire which he never had in Washington. Maybe he'll suit up for Phoenix next year.
     
    #2 Rocketman15, Mar 8, 2004
  3. Soybean Fanatic

    Soybean Fanatic Member

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    - Jordan buys the Suns
    - Kobe signs with the Suns in the offseason
    ---> MJ 0wns KB8 !!!! :D
     
    #3 Soybean Fanatic, Mar 9, 2004
  4. Soybean Fanatic

    Soybean Fanatic Member

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    Take that, K8Be-l0verz!!!!
     
    #4 Soybean Fanatic, Mar 9, 2004
  5. mrpaige

    mrpaige Member

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    One of the complaints about Jordan was that he never wanted to put any of his own money into any of these purchases. It's why he didn't walk away owning the Bucks recently.
     
    #5 mrpaige, Mar 9, 2004
  6. SamCassell

    SamCassell Member

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    Yeah!!!1 R0c oN s)yb33n f4n47ik, 4 l1f3.
     
    #6 SamCassell, Mar 9, 2004
  7. A-Train

    A-Train Member

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    Either a cat walked across your keyboard, or I need to stay more up to date on my internet slang. :D
     
    #7 A-Train, Mar 9, 2004
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