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.
Jordan declined interview requests to discuss the potential sale of the team through his spokesperson, Estee Portnoy.to Plotkin, a founder of Melvin Capital, and Daniel Sundheim of DI Capital, but Jordan still controlled the majority of the team’s equity. Jordan is the NBA’s only Black owner. He purchased the expansion team from Bob Johnson for $180 million in 2010. The team had a net worth of $1.7 billion after the 2021-22 season, according to Forbes.
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