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Adrian Wojnarowski

Charlotte Hornets

Larsa Pippen and Marcus Jordan Address 'Misconceptions' About Their Romance (Exclusive)

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Michael Jordan Shares First Public Comments on Son Marcus' Relationship with Larsa Pippen, Says He Doesn't Approve

Michael Jordan says he does not approve of Larsa Pippen and his son’s relationship

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Michael Jordan Selling His Majority Ownership Stake In The NBA’s Charlotte Hornets

16.06.2023 - 21:21

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deadline.com

deadline.com:

NBA GOAT Michael Jordan has agreed to sell his majority stake in the Charlotte Hornets for an undisclosed sum. He will still retain a minority stake after the sale.

The deal values the team at $3 billion, according to ESPN’s Adrian Wojnarowski, which means that Jordan could receive $1.5 billion, or more, depending on how much of the team he hangs onto.

It ends his 13-year run as majority owner. The agreement, which has been in the works for months, was announced this morning by the Bobcats.

The buyers are a group led by Gabe Plotkin and Rick Schnall, who are currently a minority owner with the Hornets and a minority owner with the Atlanta Hawks, respectively.

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