Michael Jordan ‘is in talks to sell majority stake of Charlotte Hornets’ putting an end to his DISAPPOINTING 13-year tenure as owner
Charlotette Hornets owner Michael Jordan is engaged in serious talks to sekk a majority stake in the franchise to a group led by Hornets, according to ESPN’s Adrian Wojnarowski.
Jordann is said to be in talks to sell the stake in the team to a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall.
Selling a majority share of the Hornets would mark the end of Jordan’s 13-year run as owner. He paid $275 million for a majority stake in the franchise in 2019.
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 sport’s history and has been the only black majority owner in the league.
More to follow…
Michael Jordan is said to be in serious talks to sell the Charlotte Hornets according to ESPN
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