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.
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.
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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