Sporticast 510: The Sordid Saga of a Legends’s Former Mansion

On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including the latest in a strange sports real estate story.

In 2012, Michael Jordan listed his Bulls-era mansion outside Chicago for about $29 million, or $41 million in today’s dollars. It took more than a decade and multiple price drops for the home to sell, which it did late last year for $9.5 million. The buyer, a partner in a local real estate firm, has since tried multiple ways to monetize the property. Initially he tried to sell timeshares for $1 million each, but that plan was thwarted by the local town council. He’s back in front of that same council this week, seeking approvals related to his next plan: to build a “multi-sensory experience focused entirely on personal transformation.” The tourist attraction would require the use of a parking lot on an adjacent nature preserve.

Next the hosts discuss major upset in college sports. Nebraska’s women’s volleyball team, the top seed in this year’s NCAA tournament, was upset by Texas A&M in the quarterfinals. Riding a wave of volleyball commercial growth, the Huskers spent more on the sport than any other public school in the country, according to numbers from Sportico‘s college finance database. The team reported $2.57 million in ticket sales during the 2023-24 school year, the third highest total for any women’s team at any public school in the country, trailing only Iowa and UConn women’s basketball.

They close by taking about the Big 12‘s proposed private equity plan. A few days after Big 12 member Utah laid out its own on-campus capital ambitions, Sportico reported that the Big 12 is in talks to set up what essentially amounts to a credit facility for its members via a potential partnership with RedBird Capital-backed Collegiate Athletic Solutions.

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