Michael Jordan earned a reputation as a horrible NBA team owner after a 13-year run as the Charlotte Hornets' majority owner. Retired player and current analyst Jay Williams disagrees with the criticism levied against Jordan, though, citing the franchise's stark increase in valuation under his leadership to debunk the narrative. Frankly speaking, Williams' shot at defending the former executive is an airball.
In an Instagram post, Williams detailed how the organization had been bleeding $30 million per year when Jordan purchased his majority stake in the then-Bobcats for $275 million. Through supposedly shrewd business decisions, such as not chasing superstars or other expensive stars and ducking the luxury tax every year, "His Airness" was able to avoid the "red ink," as Williams put it.