Michael Jordan Reportedly “in Serious Talks” to Sell Majority Stake in Charlotte Hornets – Baller Alert

NBA legend Michael Jordan is reportedly looking to sell his majority stake in the Charlotte Hornets.

ESPN reports Jordan is in “serious talks” to sell his stake to a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall.

Back in 2006, Jordan became part-owner of the organization when they were the Charlotte Bobcats. Four years later, he became the majority owner after investing $275 million in the team.

According to ESPN, if the sale goes through, Jordan will keep a minority stake in the team.

Currently, the Hornets are ranked 14 in the eastern conference with a record of 22-49.

According to Forbes, the Hornets were worth $1.7 billion in 2022.

s.parentNode.insertBefore(t,s)}(window, document,’script’,

fbq(‘init’, ‘309371044533417’);
fbq(‘track’, ‘PageView’);

(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s);
js.id = id;
js.src = “//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v11.0”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));

Leave a Comment