Buyer of Michael Jordan’s $9.5m Chicago mansion hit with major issue after NBA star took 13 years to sell it

Buyer of Michael Jordan's $9.5m Chicago mansion hit with major issue after NBA star took 13 years to sell it

The man who bought Michael Jordan’s $9.5million mansion has been forced to slash rent prices after putting the house on the market for $230,000 a month.

Jordan finally sold the nine-bedroom, 19-bathroom property back in December – after 13 years of waiting.

Businessman John Cooper paid $9.5m for the mansion – barely half of the $14.89m asking price. 

According to Realtor.com, he put it on the rental market for $230,000 a month but, after failing to find a tenant, he has cut the price to $150,000.

Cooper has renamed the mansion ‘Champions Point’ and, according to the rental advert, it offers tenants ‘a once-in-a-lifetime opportunity’ to enjoy a house ‘meticulously designed for those who live and breathe sports.’ 

Built in 1995, the estate includes a basketball court, putting green, tennis court and a gym, as well as an infinity pool, theatre, wine cellar, a cigar room and the iconic ’23’ gates out front.

The man who bought Michael Jordan’s $9.5million estate has been forced to slash rent prices 

The sprawling estate includes a basketball court, putting green, tennis court and a gym 

Yvette Prieto and Michael Jordan are pictured at the Cincoro Tequila launch in 2019

Yvette Prieto and Michael Jordan are pictured at the Cincoro Tequila launch in 2019

John Cooper, a general partner of real estate company HAN Capital, bought the home The front gate of Jordan's Highland Park, Illinois mansion includes his old jersey number

Businessman John Cooper paid $9.5m for the mansion – barely half the asking price 

‘Champions Point is more than just a residence—it’s a haven for sports lovers, blending the thrill of the game with an immersive, one-of-a-kind experience,’ the Champions Point website says. 

‘This estate delivers the ultimate setting for those who live and breathe sports.’

Cooper previously announced he would be auctioning off pieces of the property. Last month it was revealed that he is offering $1m timeshares that would allow co-owners one week of access every year. 

The ‘unique opportunity’ would give co-owners the chance to experience the estate ‘at a fraction of the cost and without the worry of coordinating the daily upkeep and management often required from a large permanent residence.’

Co-owners can invite up to two dozen guests and they have the option to host events including weddings at Champions Point. Among the ‘luxury add-ons’ available are private chefs.

Updated pH๏τos, meanwhile, show that Jordan’s iconic logo has been removed from the center of the basketball court. The NBA legend is not mentioned in the rental advert for the property, either.

After buying the property, Cooper promised to ‘honor the property’s legacy,’ insisting at the time: ‘This place is great just the way it is’ 

Cooper has renamed the mansion, which was first built back in 1995, ‘Champions Point’

'This estate delivers the ultimate setting for those who live and breathe sports,' it's claimed

‘This estate delivers the ultimate setting for those who live and breathe sports,’ it’s claimed

Cooper is offering $1m timeshares that would allow co-owners one week of access every year

Cooper is offering $1m timeshares that would allow co-owners one week of access every year 

Those who stay at Champions Point can also enjoy the use of an indoor fitness center

Those who stay at Champions Point can also enjoy the use of an indoor fitness center 

Read More March Madness fans horrified by obscene sniper player celebration in St John’s beat Omaha article image

Originally from Nebraska, Cooper has lived in Chicago for ten years and is a big fan of Jordan’s.

‘I remember seeing the home for sale and thinking how cool it would be for the person that buys the home,’ he told the Lincoln Journal Star.

‘My favorite player to watch was always Jordan. He made sH๏τs that seemed impossible, and he got it done on defense too,’ he added.

Cooper, a partner at HAN Capital real estate company, bought the property for $9m – it was originally listed for $29m.

Jordan spent almost all of his NBA career with the Chicago Bulls, winning six NBA тιтles. But he has primarily lived in his native North Carolina in retirement.

Related Posts

Steve Kerr pays tribute to Dejan Milojevic in an emotional speech to Warriors fans before their first home game since the coach’s sudden death last week: ‘He was a part of our soul’

Steve Kerr pays tribute to Dejan Milojevic in an emotional speech to Warriors fans before their first home game since the coach’s sudden death last week: ‘He was a part of our soul’

Most watched Sport videos The Warriors and Steve Kerr honored late ᴀssistant Dejan Milojevic on Wednesday at the Chase Center as they prepared to play their first…

Giannis Antetokounmpo and the Milwaukee Bucks are slammed for dancing in delight on the court just 24 hours after coach Adrian Griffin was fired: ‘Wow they really hated that dude huh?’

Giannis Antetokounmpo and the Milwaukee Bucks are slammed for dancing in delight on the court just 24 hours after coach Adrian Griffin was fired: ‘Wow they really hated that dude huh?’

Most watched Sport videos Milwaukee Bucks players have been criticized for excitedly dancing around the court just a day after coach Adrian Griffin was fired. Griffin lost his…

San Antonio Spurs staff are told to NEVER contact rookie Victor Wembanyama after 9:30pm… so he can read in peace before going to bed

San Antonio Spurs staff are told to NEVER contact rookie Victor Wembanyama after 9:30pm… so he can read in peace before going to bed

Most watched Sport videos San Antonio Spurs staff have been told to never contact their rookie sensation Victor Wembanyama after 9:30pm. That is because the Frenchman has…

Clip emerges of Mavs superstar Doncic immediately calling for security to eject heckling fan… after he told four-time NBA All-Star to ‘get on the treadmill’ during game

Clip emerges of Mavs superstar Doncic immediately calling for security to eject heckling fan… after he told four-time NBA All-Star to ‘get on the treadmill’ during game

Most watched Sport videos Mavericks star Luka Doncic appeared to have a Phoenix Suns fan ejected in Dallas on Wednesday night in response to criticism about his…

Doc Rivers ‘is signing million deal with the Bucks to coach through the 2026-27 season’ after second-place Milwaukee fired Adrian Griffin 43 games into his first year with the team

Doc Rivers ‘is signing $40million deal with the Bucks to coach through the 2026-27 season’ after second-place Milwaukee fired Adrian Griffin 43 games into his first year with the team

Most watched Sport videos Doc Rivers’ decision to defect from ESPN and return to the bench is reportedly a lucrative move for the new Milwaukee Bucks head…

Ben Simmons could return for the Brooklyn Nets on MONDAY as star plans to practice with their G League team at the weekend after lengthy absence with back issue

Ben Simmons could return for the Brooklyn Nets on MONDAY as star plans to practice with their G League team at the weekend after lengthy absence with back issue

Most watched Sport videos Brooklyn Nets forward Ben Simmons appears to be finally nearing a return to action and is set to practice with the team’s G…