Michael Jordan is in negotiations to cease being the largest shareholder Charlotte Hornetsthe ESPN network assured.
Adrian Wojnarowski, one of the journalists with the best sources and contacts inside NBApointed out that Jordan is negotiating to sell a majority share of this franchise to a group led by Gabe Plotkin, who is already a minority shareholder hornetsand Rick Schnall, who has a stake in Atlanta Hawks.
“There is no deal on the horizon, but there is significant momentum in a sale that would eventually install Plotkin and Schnall as co-governors of the Hornets,” Wojnarowski said.
Jordan he wouldn’t completely give up on the Hornets because he would stay with the Charlotte team as a minority shareholder.
The legendary former player is the only African-American to own an NBA team and became the majority shareholder of the Hornets in 2010, cashing in $275 million.
However, the six-time champion in NBA with Chicago Bulls He had no luck in offices.
Also in his playing career, Jordan he was chosen as the most valuable player (MVP) of the NBA league five times; won two Olympic gold medals.
Recall that Jordan also played baseball with the Birmingham Barons, the minor league team of the Chicago White Sox.
The Hornets have only qualified for the playoffs three times since 2010, losing in the first round each time.
They also have seven consecutive seasons without playing in the playoffs (mathematically, they have already been eliminated this year because they are second to last in the Eastern Conference with a sad 22-49 performance).
Source: Panama America
I’m Emma Jack, a news website author at 24 News Reporters. I have been in the industry for over five years and it has been an incredible journey so far. I specialize in sports reporting and am highly knowledgeable about the latest trends and developments in this field.
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