Michael Jordan In Talks To Sell Majority Stake in Hornets

Michael Jordan once had a big moment during the NCAA Tournament. It was Jordan that hit the corner shot that sent North Carolina to their NCAA Championship in 1982. According to a report by Adrian Wojnarowski of ESPN, Jordan is in talks to sell his majority stake in the Charlotte Hornets

According to Wojnarowski:

“No deal is imminent, but there’s significant momentum on a sale that would eventually install Plotkin and Schnall as the co-governors of the Hornets, sources said.

If a sale is completed, Jordan is expected to remain with a minority stake in the franchise, sources said.”

Jordan paid $275 million dollars for a majority stake in the Hornets in 2019. According to Statista.com, the Hornets are currently valued at $1.7 billion dollars.

The Hornets are in finishing another tough season currently 22-49 and second to last in the Eastern Conference. 

We will share any updates as they become available. 

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