>The six-time NBA champion and five-time MVP became the league’s only Black majority owner when he purchased the Hornets, who were originally named the Bobcats in 2010 for $275 million.

According to Forbes, the Hornets are valued at $1.7 billion. Initially, Jordan became an investor in the team back in 2006 before buying a controlling interest in 2010.

Jordan will retain a minority stake in the franchise. 

Wojnarowski reports that a deal is not imminent but negotiations have significant momentum and the sale would make Plotkin and Schnall co-governors of the Hornets.

Good. Probably the shittiest owner in the NBA. Team is perennially garbage.

About to be the Big Baller Brand Hornets

Its bad and bad luck

I dont even remember the last time they made the playoffs

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They do have cool uniforms tho

Great. I’m sure the new owner won’t threaten to move the team if we don’t build him a new stadium.

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It's got nothing to do with ownership, it's a dogshit market. North Carolina is a college market, and it's just not that fun being a millionaire in North Carolina compared to Miami or Boston or New York or Los Angeles. Basketball is a city game and the people who get good at it usually grew up in cities, and want to live in cities. They can earn more money from appearance fees and endorsements while taking a lower salary in L.A. than being the main guy in Charlotte.

Also, the shittiest owner in the NBA is James Dolan, don't even play. The guy has the most profitable franchise in the league, it's in the biggest market in the country, and the his team is still perennially dogshit. The Knicks were still a contending club back in 1999 when he bought the team, but he's consistently run them into the ground with terrible management.

Fuck dem kids

He was better on the court than off.

😆

No doubt. One of the greatest ever

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