Michael Jordan is in 'serious talks' to sell his majority stake in the Charlotte Hornets to a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall, according to ESPN's Adrian Wojnarowski.
, first bought a minority stake in the Hornets, then Bobcats, in 2006. He became the second-largest shareholder in the team behind then-owner Robert L. Johnson. With the purchase of his part in the Bobcats, Jordan took on a role in the basketball operations as the"Managing Member of Basketball Operations."
In February 2010, Jordan purchased the team as the majority stakeholder, becoming the first NBA player in history to own an NBA team. At the time, he was the league's only African-American team owner. Since Jordan's taking over of the Hornets in 2006, the Hornets have posted a winning record four times in 17 seasons. They've made the playoffs three times in that span, losing in the first round of every appearance.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Report: Michael Jordan preparing to sell majority stake of Charlotte HornetsMichael Jordan is preparing to sell the Charlotte Hornets.
Read more »
Michael Jordan In Talks To Sell Majority Stake Of HornetsMichael Jordan In Talks To Sell Majority Stake Of Hornets - RealGM Wiretap
Read more »
Michael Jordan in ‘serious talks’ to sell majority stake of Hornets: reportJordan is in “serious talks” to sell the stake to a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall, ESPN reported Thursday evening.
Read more »
Shoes from Michael Jordan's 'Last Dance' up for auctionMichael Jordan wore the shoes during his 'Last Dance' with the Bulls. Twenty-five years later, those shoes are up for auction.
Read more »
Michael Jordan’s ‘Last Dance’ sneakers could net record $4 million at auctionKicks worn by Michael Jordan could set a historical price, as they go up for auction at Sotheby’s.
Read more »
Creed 3 BTS Video Shows Off Michael B. Jordan’s Real Boxing SkillsA newly shared Creed III behind-the-scenes video shows off actor and director Michael B. Jordan's real boxing skills before filming the final match.
Read more »