Former Chicago Bulls legend Michael Jordan is proclaimed by many as the greatest basketball player of all time. At the very least, he is in everyone’s discussion. However, he has not been the greatest owner of the Charlotte Hornets.
Jordan acquired a majority interest in the Hornets back in 2010. Since doing so, the team has only made the playoffs three times and has never made it past the first round. It now appears that his days as the team’s majority owner could be numbered.
According to ESPN’s Adrian Wojnarowski, Jordan is engaging in “serious talks” to potentially sell his majority stake in the organization. The Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rich Schnail appear to be the likely suitors if this does happen.
ESPN Sources: Charlotte Hornets owner Michael Jordan is engaged in serious talks to sell a majority stake in the franchise to a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall. pic.twitter.com/jg03W25s49
— Adrian Wojnarowski (@wojespn) March 16, 2023
Wojnarowski added that while there is no imminent deal at the moment, “significant momentum” is building toward a potential sale from Jordan.
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 sale is completed, Jordan would be expected to keep a minority stake in team.
— Adrian Wojnarowski (@wojespn) March 16, 2023
While Jordan is obviously loved for his playing days, he has been far from the most popular owner. Many are excited that the Hornets may be getting a fresh start without Jordan.
Fifth worst team in the league since he bought the Hornets… https://t.co/mDFGQEYnBj pic.twitter.com/p4k4ayzCfy
— Josh Eberley 🇨🇦 (@JoshEberley) March 16, 2023
(this is probably good for the league) https://t.co/anw7LHFcUZ
— Anthony F. Irwin (@AnthonyIrwinLA) March 16, 2023
Mike had enough 😂 https://t.co/rKDr4OahRU
— Anthony (Tony) Gill (@thetonygill) March 16, 2023
Easily the best news for Hornets fan(s) in two decades https://t.co/cHoiH197w9
— Lawrence Scotti (@younglawrence) March 16, 2023
Jordan hasn’t failed at much, but his ownership of the Hornets has been a massive, blowout-level L. https://t.co/3txuZRw4hM
— Jason Foster (@ByJasonFoster) March 16, 2023
MJ is over it. https://t.co/pkbULmaeYA
— Bonta Hill (@BontaHill) March 16, 2023
Even if Jordan does sell the Hornets his days of ownership in professional sports are not over. Michael Jordan is also the principal owner of the 23XI Racing team in the NASCAR Cup Series.
[Adrian Wojnarowski on Twitter]
