According to today’s report by sports media ESPN, retirednbaa great personJordan(Michael Jordan) is in talks to sell his majority stake in the Charlotte Hornets, but a deal is not expected in the near future.
Agence France-Presse reported that unnamed sources told ESPN that Jordan would sell the largest stake in the Hornets to minority shareholder Gabe Plotkin, as well as to Rick Schnall, a minority shareholder of the Atlanta Hawks. I expect to retain a minority stake in the Hornets.
Last October, Forbes magazine estimated the Hornets’ market value at about $1.7 billion, ranking fourth from the bottom among 30 NBA teams.
Jordan has won NBA Most Valuable Player five times. He led the Chicago Bulls to win six NBA championships in the 1990s. He has been a minority shareholder of the Hornets (then called the Bobcats) since 2006. million dollars to buy the Hornets.
Jordan, who turned 60 last month, owns the Hornets in his hometown of North Carolina and is currently the only African-American in the NBA with a majority stake in a team.
The Hornets have never been as successful as Jordan on the court, and haven’t won a game since his 2004 debut with the Bobcats, an expansion team.nba,
After Jordan acquired the team, it lost in the first round of the 2010 playoffs, and was swept again in the 2014 playoffs. Later, the team was renamed the Hornets.
The last time the Hornets made the playoffs was in 2016, when they lost to the Miami Heat in the first round of the playoffs.
Since then, the Hornets have not entered the playoffs, and last year with a record of 43 wins and 39 losses, they lost five consecutive seasons.
This season, the Hornets ranked 14th among 15 teams in the Eastern Conference with a record of 22 wins and 49 losses, almost on the verge of elimination.
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