Michael Reinsdorf Rumors
Michael Reinsdorf laughs now at his own eagerness at his dad’s offer to manage the Bulls. The younger Reinsdorf, 46, is seen as the heir apparent of the franchise his father gained control of in 1985, when he led a group to purchase a majority of the team for $9.25 million. He took it from mediocrity to the pinnacle of sports during the Michael Jordan era, and the Bulls are now worth an estimated $800 million, according to Forbes.
Both Reinsdorfs said Michael’s involvement in the Bulls — and not the Sox — is due to Jerry’s schedule. Jerry snowbirds in Arizona during basketball season and is heavily involved in daily operations with the baseball team. “I found that I was unable or unwilling to devote the time to the Bulls that needed to be devoted,” Jerry Reinsdorf said. “He was fully ready to step into that position. And I always felt that I undermanaged the Bulls by not being there on an everyday basis.”
But baseball, the elder Reinsdorf has said, is a far tougher business than basketball, and he has recommended that the Sox be sold after he passes. He has made no such pronouncement about selling the Bulls. “I think he’s more involved in the Bulls now from a business perspective, now that I’m here, because I talk to him on a daily basis,” Michael Reinsdorf said. “There are times I try to push off decisions to him, and he pushes it right back to me.”
Chicago Bulls legend Michael Jordan surprised his former teammate Scottie Pippen for Pippen’s 47th birthday party Monday night. Pippen’s wife, Larsa, planned the secret bash at Chicago hot spot Sunda. Bulls family, including team president Michael Reinsdorf and his wife, Nancy, NBA power broker William “World Wide Wes” Wesley, Antoine Walker, Ahmad Rashad, and new Bulls recruit and Chicago native Nazr Mohammed gathered to celebrate at the club with Pippen. Sources told us the fun night ended with a dance-off between Jordan and Pippen to the Trey Songz and Fabolous song, “Say Ahh.”
The Chicago Bulls have named Michael Reinsdorf president and chief operating officer. In the new position, Reinsdorf will oversee all business operations for the team and report to his father, Jerry Reinsdorf, who will remain chairman. Reinsdorf has been involved in NBA matters on behalf of the Bulls since 2001 and has been an NBA Alternate Governor for three years.