BREAKING | Hornets Owner Michael Jordan in Talks to Sell Majority Stake

Like you, I thought Thursday was a day to focus on March Madness basketball, then came a Woj Bomb. It seems Michael Jordan's time as the Hornets majority owner

James Plowright | Mar 16, 2023

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Charlotte Hornets

Like you, I thought Thursday was a day to focus on March Madness basketball, then came a Woj Bomb. It seems Michael Jordan's time as the Hornets majority owner is coming to an end.

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

Michael Jordan has been the Hornets majority owner since 2010, he has overseen the return of the Hornets name and brand but the on court production in that time has been disappointing.

Jordan appears to be close to selling his majority stake to current Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall. Jordan already sold a significant stake of the team to Plotkin in 2020. Reports suggest Jordan would keep a minority stake of the Hornets, so would still have some link to Hornets ownership.

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Published Mar 16, 2023

JAMES PLOWRIGHT

Twitter: @British_Buzz Linked In: James Plowright Muck Rack: James Plowright About Me Bylines for: Sports Illustrated, Sky Sports NBA, SB Nation, Queen City Hoops Based in Manchester in the United Kingdom, I have covered the Charlotte Hornets since 2008. When I was 16 years old I won a blogging competition on Bobcats.com, this ignited my passion for journalism and since then I went on to write for a variety of blogs; Hornets Planet, Queen City Hoops and At The Hive. In 2022 I took on the role as site content manager for the Charlotte Hornets Fannation site (AllHornets.com). I am also the founder of the All Hornets Podcast Network, having recorded over 350+ Hornets related podcasts. Awards - The All Hornets podcast was nominated for "Best Team Podcast" in the 2022 Sports Podcast Awards. - I was nominated for "Sports Writer of the Year" in 2013 for LSU Media while studying my B.A in History and International Relations at Loughborough University.