The Changing Tides Does Michael Jordan Still Own the Hornets?

The Charlotte Hornets have long been associated with the legendary basketball player Michael Jordan. However, recent reports suggest that there have been significant changes in the ownership of the team. In this article, we will explore whether Michael Jordan still owns the Hornets and delve into the details of the recent sale that has taken place.

According to ESPN, Michael Jordan has recently finalized the sale of his majority stake in the Charlotte Hornets, marking a significant shift in ownership. The sale was valued at an approximate $3 billion, making it one of the most expensive transactions in sports history. This sale indicates that Jordan no longer holds the controlling interest in the team.

The Hornets confirmed that the team is being sold to a group led by Gabe Plotkin and Rick Schnall. While Plotkin has been a minority stakeholder in the Hornets for some time, this acquisition now places him in a significant ownership position alongside Schnall. The financial terms of the deal have not been disclosed publicly, but insiders estimate the sale to be worth $3 billion.

Although Jordan is no longer the majority owner of the Hornets, his impact on the team and the NBA as a whole cannot be understated. During his tenure as the majority owner, Jordan successfully rebranded the franchise and brought a renewed sense of excitement to Charlotte's basketball community. He remains an influential figure in the world of basketball and continues to inspire both players and fans alike.

With new ownership in place, the future of the Hornets remains uncertain. However, the team's commitment to success and the development of talented players remains a priority. The new ownership group will likely bring fresh perspectives and strategies to steer the franchise forward.

While Michael Jordan may have sold his majority stake, it is important to note that he may still have some involvement with the team. It is not uncommon for former owners to maintain a connection with their former franchises, offering guidance and support whenever necessary. Jordan's passion for basketball and his desire to see the Hornets thrive may potentially lead to continued collaboration in some capacity.

Michael Jordan's sale of his majority stake in the Charlotte Hornets signifies a significant shift in ownership. While he may no longer hold the controlling interest, his impact and legacy within the team and the NBA will forever be remembered. As the Hornets embark on a new chapter under new ownership, fans and basketball enthusiasts eagerly await to see what the future holds for this beloved franchise.

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