Michael Jordan is considering selling the Charlotte Hornets. The six-time NBA champion is in negotiations to sell at least a portion of the franchise to a group that includes Hornets minority owner Gabe Plotkin.
The six-time NBA champion is in negotiations to sell at least a portion of the franchise to a group that includes Hornets minority owner Gabe Plotkin.“Four years ago, Michael Jordan sold a stake in the Charlotte Hornets to a Gabe Plotkin-led group,” Jump Management, which is Michael Jordan’s family office, said in a statement Wednesday to the Associated Press.
In 2019, Jordan sold a portion of the Hornets to Plotkin, a founder of Melvin Capital, and Daniel Sundheim of DI Capital, but Jordan still controlled the majority of the team’s equity. Michael Jordan speaks during a news conference ahead of a game between the Hornets and Bucks on Jan. 24, 2020, in Paris. The six-time NBA champion is in negotiations to sell at least a portion of the Hornets to a group that includes minority owner Gabe Plotkin.
It’s unclear if Jordan is looking to sell his entire majority stake in the team or just a portion of it.By submitting your email to receive this newsletter, you agree to our
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