Michael Jordan ‘is in talks to sell majority stake in Charlotte Hornets’ ending his DISAPPOINTING 13-year tenure as owner
According to ESPN’s Adrian Wojnarowski, Charlotette Hornets owner Michael Jordan is in serious talks to transfer a majority stake in the franchise to a group led by Hornets.
Jordann is said to be in talks to sell stake in the team to a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall.
The sale of a majority share of the Hornets would mark the end of Jordan’s 13-year run as owner. He paid $275 million in 2019 for a majority stake in the franchise.
If a sale is completed, Jordan is expected to remain with the team as a minority owner.
Jordan is considered by many to be the greatest NBA player in the history of the sport and is the only black majority owner in the league.
More to follow…
According to ESPN, Michael Jordan is in serious talks to sell the Charlotte Hornets