Michael Jordan could make $1.5 billion profit from selling Hornets

2023-03-18 10:08

Michael Jordan could make a significant portion of money if sold the Charlotte Hornets franchise. NBA legend discusses a potential deal with a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall.

Credit: AFP – Scanpix
Credit AFP – Scanpix

ESPN's Adrian Wojnarowski recently reported that the Charlotte Hornets owner Michael Jordan is in serious talks to sell a majority stake in the franchise.

NBA legend discusses a potential deal with a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall.

Jordan paid $275 million for the team in 2010, and the franchise is now worth $1.77 billion. He could make a significant profit of up to $1.495 billion if he sold the franchise.

2-pointers this season

53%
30,8
Points made: 30,8
Accuracy: 52,5%
Place in standings: 9
Record max: 39
Record min: 18
Most made 2FGs: Terry Rozier

Despite that, if a sale is completed, Jordan is reportedly expected to remain with a minority stake in Charlotte.

Jordan's 13-year run as the Hornets owner is highlighted by two NBA Playoffs appearances.



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