Charlotte Hornets proprietor Michael Jordan is engaged in severe talks to promote a majority stake within the franchise to a bunch led by Hornets minority proprietor Gabe Plotkin and Atlanta Hawks minority proprietor Rick Schnall, sources advised ESPN’s Adrian Wojnarowski.
There’s momentum on a sale that will ultimately have Plotkin and Schnall take over because the Hornets’ co-owners, although no deal is imminent, Wojnarowski provides. Jordan is predicted to retain a minority stake within the staff if the sale is accomplished.
The previous NBA celebrity bought a big minority stake to Plotkin and Daniel Sundheim in 2020. Sundheim is a part of the group working to buy the staff, sources advised Wojnarowski.
Jordan, a North Carolina native, purchased the Hornets in 2009 – then known as the Bobcats – for $275 million.
Charlotte has made three playoff appearances in Jordan’s 13-year tenure as majority proprietor, with no postseason collection victories.
Bought a narrative or tip for us? E-mail Sports activities Gossip editors at [email protected]
Need Extra From Sports activities Gossip?
For all the most recent breaking Sports activities Gossip, you should definitely observe SportsGossip.com on Fb, Instagram, and Twitter.
Kyrie: Mavs’ playoff hopes appear to be a ‘clusterf–ok proper now’
Report: D-Wade, Dirk amongst finalists elected into Naismith HOF
LeBron comes off bench in loss to Bulls after 13-game absence