Michael Jordan to Lose Up to $1.5 Million in Gym Investment | BlackSportsOnline

Michael Jordan to Lose Up to $1.5 Million in Gym Investment

by Robert Littal | Posted on Tuesday, August 14th, 2012
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Considering MJ net worth is estimated at $500 million, I don’t think he is going to be hurting over this little failure.

Michael Jordan stands to lose as much as $1.5 million in a possible foreclosure of a gym he invested in, according to multiple reports.

The Chicago Sun-Times and Chicago Tribune reported that a judge recently rejected a Chapter 11 bankruptcy filing by the company of Tim Grover, who owns Attack Athletics Gym on Chicago’s West Side. Grover filed for bankruptcy in April in order to stave off foreclosure, according to the papers, but a judge dismissed the filing on July 11.

I do find it ironic that Grover is going bankrupt consider he has high end clients.  Makes me think that he was trying to live the Jordan life, without Jordan style money.

That will always bankrupt you quick.

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