Tag: Charlotte Hornets

N.B.A. to Move All-Star Game from North Carolina Over Discriminatory Bathroom Law

This year’s N.B.A. All-Star Game in Toronto. The league is set to announce a new site for next year’s game in the next few weeks. (Credit: Elsa/Getty Images)

article by via nytimes.com

The National Basketball Association on Thursday dealt a blow to the economy and prestige of North Carolina by pulling next February’s All-Star Game from Charlotte to protest a state law that eliminated anti-discrimination protections for lesbian, gay, bisexual and transgender people.

The move was among the most prominent consequences since the law, which bars transgender people from using bathrooms in public buildings that do not correspond with their birth gender, was passed in March.

The league, which has become increasingly involved in social issues, said that both it and the Hornets, the N.B.A. team based in Charlotte, had been talking to state officials about changing the law but that time had run out because of the long lead time needed to stage the game. The N.B.A. said it hoped the game could be played in Charlotte in 2019, with the clear inference that the law would have to be changed before then.

“While we recognize that the N.B.A. cannot choose the law in every city, state and country in which we do business, we do not believe we can successfully host our All-Star festivities in Charlotte in the climate created by the current law,” a statement by the league said.

Gov. Pat McCrory of North Carolina issued a blistering statement soon after the announcement by the N.B.A., in which he said “the sports and entertainment elite,” among others, had “misrepresented our laws and maligned the people of North Carolina simply because most people believe boys and girls should be able to use school bathrooms, locker rooms and showers without the opposite sex present.”

Mr. McCrory did not specifically refer to the N.B.A. in his statement, but he said that “American families should be on notice that the selective corporate elite are imposing their political will on communities in which they do business, thus bypassing the democratic and legal process.”

Others weighed in with support for the N.B.A.’s move, including two of its broadcast partners — Turner Sports and ESPN.

In taking the action it did, the N.B.A. is following the path already taken by others. A number of musicians, including Bruce Springsteen, Ringo Starr and Itzhak Perlman, canceled concerts in North Carolina to protest the law, and there have been calls for repeal of the legislation by a number of businesses, some of which have canceled plans to create new jobs in the state.

All-Star weekend is one of the most dazzling and lucrative events on the league’s annual schedule. In addition to the game, the league arranges three days full of activities for fans. There is a separate game for the league’s rising stars, a dunk contest and a 3-point contest.

Now all of that will be held elsewhere next February, with the N.B.A. to announce a new site for the game in the next few weeks.

To read full article, go to: http://www.nytimes.com/2016/07/22/sports/basketball/nba-all-star-game-moves-charlotte-transgender-bathroom-law.html

Michael Jordan to Invest $500,000 in Literacy Programs in Charlotte, N.C.

michael jordan
Michael Jordan (Photo courtesy of AP Photo/Charles Rex Arbogast)

article via ebony.com

Since hanging up his signature sneakers, basketball legend Michael Jordan has been focusing his attention on conquering the business world. And it’s worked.

Back in 2015, the NBA Hall of Famer joined the billionaires club, thanks to his investment in the Charlotte Hornets. Today, Jordan owns approximately 90 percent of the franchise, and his lucrative deals with Nike, Hanes, and Gatorade continue to pay hefty dividends years after he retired from the league.

Monday, Jordan announced he—along with corporate donors like Bank of America and Lowe’s—are investing $500,000 into the community that supports his team.

“When I took over majority control of the team, one of the biggest impacts I wanted…was to reconnect back to the community,” Jordan said on Monday during the team’s annual day of community service. “I felt (that connection) was lost a little bit with the previous ownership, and I felt it was very important.”

Jordan continued: “Six years later, here we are…I am very proud of the commitment of the organization to the community. My dedication, my drive, is to continue to connect with this community.”

Since taking over as majority owner of the Hornets from BET founder Robert Johnson, Jordan and the team have invested more than $3 million into the community. In 2010, he donated $250,000 to save Charlotte-Mecklenburg Schools’ middle school sports programs, and now he’s turning his attention to literacy.

According to the Charlotte Observer, the $500,000 investment will include funding for the Charlotte-Mecklenburg Library Foundation, Freedom School Partners, Child Care Resources Inc., and CrossRoads Corp. Jordan and the team also plan to help build 18 libraries around the city and donate thousands of books.

Read more at EBONY http://www.ebony.com/entertainment-culture/michael-jordan-giving-back#ixzz4CGroSh9a 

Michael Jordan Makes Forbes’ World’s Top Billionaires List For 2nd Straight Year

Michael Jordan (photo via bet.com)
Michael Jordan (photo via bet.com)

article by Mark Lelinwalla via bet.com

For the second straight year, Michael Jordan was named to Forbes‘ World’s Billionaires list, with a net worth valued at $1.14 billion.

The value makes MJ the 1,577th richest person in the world and 486th richest in the United States. That’s up nearly 200 spots from the 1,741st worldwide ranking that Jordan had on last year’s list, which marked his debut on Forbes‘ World’s Billionaires list in 2015. What makes his place all the more special is Jordan is the lone current or former athlete on the prestigious list.

Jordan’s 90 percent ownership share of the Charlotte Hornets accounts for about $500 million of his assets, while his Air Jordan line with Nike continues to thrive in the sneaker market with 32 years in the game.

Carmelo Anthony, whose sneakers are designed by the Jordan Brand, couldn’t be prouder of his mentor.

“It makes me proud. Yeah, it does,” Melo told ESPN. “I remember getting there and seeing where the business was then. I remember sitting in the airport in 2006, coming from the world championship, and I remember when the brand had just hit a billion, and to see where it’s at right now — [nearly $3 billion in sales] — that’s a lot. That’s a lot of growth to be a part of.”

To read more, go to: http://www.bet.com/news/sports/2016/3/03/michael-jordan-makes-forbes–prestigious-list-again.html