Michael Jordan was majority owner of the Charlotte Hornets since 2010, when they were still called the Bobcats. In 13 years at the helm of the franchise, however, MJ achieved very little: the pittance of two Playoff qualifiers, both of which ended in first-round elimination. Certainly better known was the 7-59 record with which the then Bobcats ended the 2011-12 lockout regular season.
As reported by ESPN, Jordan would now be selling the franchise to a group headed by Gabe Plotkin, former minority shareholder of the Hornets, and Rick Schnall, who in 2015 had been part of the Atlanta Hawks’ buyout. MJ will therefore officially leave, at least for a while, the NBA scene.
BREAKING: Michael Jordan is finalizing a sale of the Charlotte Hornets to a group led by Gabe Plotkin and Rick Schnall, ending his 13-year run as majority owner, league sources told ESPN on Friday. pic.twitter.com/5TonSrIQhF
– Adrian Wojnarowski (@wojespn) June 16, 2023
Milan, Italy. A graduate in Labor Management and Communication for Organizations from Catholic University, I founded BasketUniverso in 2011. Yes, I root for Orlando Magic and do my best not to hide it.
