1171239

Michael Jordan In “Serious Talks” To Sell Majority Stake In Charlotte Hornets, Sources Say

Michael Jordan In “Serious Talks” To Sell Majority Stake In Charlotte Hornets, Sources Say

As a player, Michael Jordan earned himself a spot within the NBA’s “Greatest of All Time” conversation, but as owner of the Charlotte Hornets, “His Airness” doesn’t boast the same reputation.

On Thursday, ESPN Senior NBA Insider, Adrian Wojnarowski, reported that Jordan was engaged in “serious talks” to sell a majority stake of the team he purchased 2010. The talks have been led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall, sources told ESPN. If the deal goes through, it would install Plotkin and Schnall as the co-governors of the Hornets, although the Air Jordan frontman would remain a minority owner in the franchise.

The Hornets have benefitted from drafting LaMelo Ball in 2020, but the team has only had three winning campaigns in the 13 full seasons during which Michael Jordan has been majority owner. Selling majority stake in the team, however, could serve as a payday for the Chicago Bulls legend as he paid $275 million USD for the franchise in 2010; the Charlotte Hornets’ most recent valuation from Forbes is listed at $1.7 billion. If the deal goes through, however, the League will no longer have a Black majority owner.

For more #23 news, check out the latest Air Jordan 11 releases.

Latest News

The Air Jordan 1 Low Peers Over A "Jade Horizon"

Demand for the Air Jordan 1 at large may have waned, but you’d be hard pressed to go a day in any major city without...

by Matt Varga 12 hours
164

LaMelo Ball's PUMA MB.04 "Flare" Releases July 11th

If you need more evidence that LaMelo Ball is still the face of PUMA Hoops, look no further than the upcoming LaFrance RNR. The youngest...

by Andrew Rizzo 13 hours
211

Where To Buy The Levi’s x Nike Air Max 95

The Levi’s x Nike Air Max 95 pack is finally upon us. Three different sneakers are on tap, led by a blue “Obsidian” colorway dropping...

by Andrew Rizzo 13 hours
3133