Michael Jordan’s 13-year run as owner of the Charlotte Hornets has come to an end.
MJ is finalizing a sale to an ownership group led by Gabe Plotkin and Rick Schnall, according to reports from ESPN NBA insider Adrian Wojnarowski.
BREAKING: Michael Jordan is finalizing a sale of the Charlotte Hornets to a group led by Gabe Plotkin and Rick Schnall, ending his 13-year run as majority owner, league sources told ESPN on Friday. pic.twitter.com/5TonSrIQhF
— Adrian Wojnarowski (@wojespn) June 16, 2023
Understandably, this massive ownership news has sparked some serious discussion among NBA fans on Twitter.
“I hate to see Jordan sale the Charlotte Hornets but I understand business is business,” one wrote.
“Jordan didn’t want to risk breaking the Cavs record for blown top 5 picks,” another added.
“How will this affect what the Hornets do at #2 ahead of the Blazers next week?” another asked.
Michael Jordan is about to make some money. He bought it for $275 million and I'd say they'll sell for billions.
I don't think he's been as bad of an owner as some say he is. It's not easy owning a small market franchise & he's at least made them relevant vs the Bobcats. https://t.co/el3cGPSfab
— The Chicago Bulls Charge (@thebullscharge) June 16, 2023
An official agreement is expected to be signed soon. Plotkin is already a minority owner of the Hornets, and Schnall a minority owner of the Atlanta Hawks. The NBA still needs to go through its vetting process.
Monetary details of the sale are not yet available.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Basketball News Click Here
