Wildly Successful Former Hornet Jamal Mashburn Wants To Own New Orleans Franchise

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 6 years ago '07        #1
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wtr1906 45 heat pts45
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Wildly Successful Former Hornet Jamal Mashburn Wants To Own New Orleans Franchise
 

 
Friday, January 6, 2012 6:45
It's mind-blowing how many stories about former superstar athletes involve bankruptcy. An estimated 60 percent of former NBA players are penniless within five years after hanging up their sneakers. But this is the tale of a one-time NBA star who has built his riches.

Jamal Mashburn earned more than $75 million before his career was cut short by a serious knee injury. But he has put together a powerful post-basketball business dossier which includes 37 Papa John's pizza restaurants, 30 Outback Steakhouses, two car dealerships and a real estate company in the state of Kentucky.

Mashburn and former Kentucky coach Rick Pitino (who is now at Louisville) are partners in Ol Memorial stable, which owns Kentucky Derby prospect Buffalo Man, along with Outback Steakhouse co-founder and Kentucky grad Chris T. Sullivan.

"For me, being in business is always something I wanted to do. When I was a kid riding on trains in New York, I saw older people carrying a briefcase. I was always curious what was in them. That's probably my original inspiration," Mashburn told China Daily.

"I had talent as a basketball player, so I used it as a vehicle to open doors and meet people. I am not a guy who wants to be a one-night wonder. I want to continue my legacy as a businessman. It gives people a chance to see me as more than just a former pro athlete."

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Mashburn, who worked as a broadcaster for ESPN after his playing career, thinks the lessons he learned in the NBA have helped him in the world of big business.

"They are very similar," he said. "I trained hard to prepare for every game as a basketball player; as a businessman I do a lot of research. I was versatile on the court, and I now have my hands in fast food, car and real estate businesses."

Owning restaurants is nice, but Mashburn has big dreams of becoming an NBA owner. He's spoken several times with commissioner David Stern about being part of a group to buy the New Orleans Hornets from the league.

"I can be an a.sset to a team as an owner, not only for my ability to scout talent, but also understand the business side of things. The first all-star of the Hornets comes back to buy the team, it's going to be a great story," Mashburn said.


[pic - click to view]

 http://www.thepostgame.co .. ter-mash-owner

Good to see there are still athletes out there who know how to budget their money image


Last edited by wtr1906; 01-07-2012 at 12:04 PM..

41 comments for "Wildly Successful Former Hornet Jamal Mashburn Wants To Own New Orleans Franchise"

 6 years ago '10        #2
AriGold 173 heat pts173
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$4,904 | Props total: 2657 2657
Mashburn was fu*king nice in high school...

He used to drop 30 and 20 by halftime and then go home.

Real sh*t.
 6 years ago '04        #3
iMaGrOWNassMAN! 
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Would be a good move of he bought us. We need a real owner on the worst way.
 6 years ago '09        #4
xRapHeadx 17 heat pts17
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Proud of him
 01-07-2012, 12:05 PM         #5
ManWithoutFear! 
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 xrapheadx said:
proud of him
bronx!!!!!
 6 years ago '05        #6
ChickzNKickz 100 heat pts100
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 AriGold said:
Mashburn was fu*king nice in high school...

He used to drop 30 and 20 by halftime and then go home.

Real sh*t.
Hayes ftw
 6 years ago '10        #7
kawgre12 21 heat pts21
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$13,910 | Props total: 9891 9891
My fellow Hayes alum
 6 years ago '06        #8
DonYBE 3 heat pts
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I'm about to support that man right now and order some papa john's
 6 years ago '11        #9
megalomaniacal 1 heat pts
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 iMaGrOWNassMAN! said:
Would be a good move of he bought us. We need a real owner on the worst way.


Nat he might try to bring them to Kentucky somewhere, but if we don't have any other options what can you do
 6 years ago '07        #10
KnicksLost 17 heat pts17
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Monster Mash is a genius
 6 years ago '07        #11
joshdogg26 194 heat pts194
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 megalomaniacal said:
Nat he might try to bring them to Kentucky somewhere, but if we don't have any other options what can you do
the NBA is making sure nobody can buy them unless they keep the team there. that's part of the reason they haven't sold it yet is because they're trying to extend the lease for a few more years to lock it in at least for the short term.
 6 years ago '09        #12
messy marv stan 4687 heat pts4687
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the nba legend is wise with his money

dudes set for life and dont gotat worry about payin the bills
 6 years ago '08        #13
TheKid21 
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Money Mash is that dude!
 6 years ago '07        #14
KnicksLost 17 heat pts17
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 joshdogg26 said:
the NBA is making sure nobody can buy them unless they keep the team there. that's part of the reason they haven't sold it yet is because they're trying to extend the lease for a few more years to lock it in at least for the short term.
thats a battle the nba is gonna lose unless the economy returns to what it used to be
 6 years ago '04        #15
dtownboy313 
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n*gga actually invested his money right. would be a good look for the hornets
 6 years ago '05        #16
Hold That 104 heat pts104
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I wonder what his net worth is now.
 6 years ago '09        #17
RdGZkP 31 heat pts31
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Pretty smart investing in companies already making money instead of making risky investments that led to others goin broke
 6 years ago '07        #18
KnicksLost 17 heat pts17
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 kp059 said:
Pretty smart investing in companies already making money instead of making risky investments that led to others goin broke
Derrick Coleman
 6 years ago '04        #19
Dollaz 4 heat pts
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wow 37 papa johns!? ggod sh*t Mash!
 6 years ago '05        #20
Deeangoe 2 heat pts
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good sh*t mash

oddly enough, the irony of me owning a jamal mashburn new orleans jersey

and didnt buy it when he played for us
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