NBA rumors: Michael Jordan frustrated he ‘can't compete with Warriors'

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Joe Lacob and Peter Guber's ownership group bought the Warriors in November 2010 for $450 million. In February, Forbes valued the franchise at $4.3 billion.

NBA legend Michael Jordan became majority owner of the Charlotte Bobcats (now Hornets) in March 2010 when he bought out Bob Johnson for a reported $175 million. The franchise's valuation now is $1.5 billion.

Despite the fact that MJ has profited handsomely since assuming control 10 years ago (he sold about 20 percent of his stake in September), he apparently is bothered by Lacob and Guber's success with Golden State.

As J.A. Adande -- who covered Jordan when he played for the Chicago Bulls -- said on "The Habershow" with NBC Sports NBA Insider Tom Haberstroh:

"He's lucky he got in before the Clippers reset the market and now everything is $2 billion and up. He wouldn't have been able to get it. He just doesn't have that type of money and couldn't get a significant role.

"I'm sure he could partner with the people that have that money but he wouldn't get a role to his satisfaction. And I don't think that would be a desirable scenario for him -- to get such a silent voice. And I think he'd be very conscious of people just using his name.

"That kind of happened with Magic (Johnson), and Magic was more than willing to do so with the ownership group that bought the Dodgers. Magic's actual stake is very small, but they were more than willing to let him be the front man, and go out and do all the press conferences and this and that.

"I don't think Michael Jordan would want to be the front man and the face of the franchise if he didn't have real significant ownership stake.

"He can't compete with the Warriors and the Joe Lacob's and the Peter Guber's and all these tech guys that are coming in. He can't compete in that realm. Financially -- as successful as he's been -- this is a whole different level that these tech guys and these venture capital guys are playing at.

"And it frustrates him to no end that he can't play at their level, when his whole life he's used to playing at levels higher than everybody else. He can't beat them in this realm."

 

Back in June 1998 --  when Jordan won his sixth NBA title and the Warriors were two months removed from missing the playoffs for the fourth straight year after a 19-63 campaign -- we all knew that the greatest basketball player ever would be envious of the Dubs 22 years later, right?

Also, what does "can't compete" even mean in this context? Is that the excuse for the Hornets not winning many games? Jordan already owns the team and the franchise is making money.

[RELATED: Lacob claims Dubs pull in more revenue than Lakers, Knicks]

Since the Hall of Famer took over in Charlotte, the Hornets have made the playoffs twice and have yet to win a series.

With Lacob and Guber at the helm, the Warriors have won three titles, reached the NBA Finals five times and made seven playoff appearances.

Don't worry Mr. Jordan. You'll be just fine.

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