NBA Board of Governors approves Michael Jordan’s sale of the Charlotte Hornets - Reports
1 year, 5 months ago

NBA Board of Governors approves Michael Jordan’s sale of the Charlotte Hornets - Reports

The Hindu  

The NBA Board of Governors has voted to approve Michael Jordan’s sale of the Charlotte Hornets to an ownership group led by Gabe Plotkin and Rick Schnall, according to a person familiar with the situation. READ | Michael Jordan’s decision to sell the Hornets leaves some team decisions in flux Jordan agreed to sell the team on June 16. As an owner Jordan never came close to matching his success as a player, where he won six NBA titles with the Chicago Bulls while becoming one of the game’s greatest players ever. The owner members of the Hornets new ownership group include artist J. Cole, Dan Sundheim, Ian Loring, country music singer-songwriter Eric Church, Chris Shumway and several local Charlotte investors, including Amy Levine Dawson and Damian Mills.

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History of this topic

Michael Jordan’s sale of majority ownership of Hornets to Gabe Plotkin and Rick Schnall is finalized
1 year, 4 months ago

Michael Jordan’s sale of majority ownership of Hornets to Gabe Plotkin and Rick Schnall is finalized

Associated Press  

CHARLOTTE, N.C. — A new era has begun for the Charlotte Hornets, raising hope that one day the struggling franchise might turn things around. Gabe Plotkin and Rick Schnall officially acquired the majority stake of the Hornets from six-time NBA champion Michael Jordan on Thursday, bringing new thoughts and ideas on how to rebuild a franchise that hasn’t been to …

Michael Jordan’s Victory In Hornets Sale Is Black America’s Loss
1 year, 4 months ago

Michael Jordan’s Victory In Hornets Sale Is Black America’s Loss

Huff Post  

“Sports franchises are how we knight people in this country.” – Bobby Axelrod, on Showtime’s hit show, “Billions.” Michael Jordan’s decision to sell the Charlotte Hornets isn’t just ending his unsuccessful 13-year run owning and leading one of the NBA’s worst, most depressing teams. Although Black players account for more than 70% of the talent on NBA rosters, with Jordan’s …

NBA Board of Governors approves Michael Jordan’s sale of the Charlotte Hornets, AP source says
1 year, 5 months ago

NBA Board of Governors approves Michael Jordan’s sale of the Charlotte Hornets, AP source says

Associated Press  

CHARLOTTE, N.C. — The NBA Board of Governors has voted to approve Michael Jordan’s sale of the Charlotte Hornets to an ownership group led by Gabe Plotkin and Rick Schnall, according to a person familiar with the situation. Jordan’s decision to sell leaves the NBA without a Black majority owner. As an owner Jordan never came close to matching his …

NBA Board of Governors approves Hornets sale, ending Michael Jordan’s tenure as majority owner: Source
1 year, 5 months ago

NBA Board of Governors approves Hornets sale, ending Michael Jordan’s tenure as majority owner: Source

New York Times  

The NBA Board of Governors approved the sale of the Hornets to a group led by Gabe Plotkin and Rick Schnall, a source briefed on the sale confirmed to The Athletic on Sunday. Here’s what you need to know: The sale approval effectively ends Michael Jordan’s 13-year tenure as the team’s majority owner after he reached an agreement to sell …

Michael Jordan’s decision to sell the Hornets leaves some team decisions in flux
1 year, 6 months ago

Michael Jordan’s decision to sell the Hornets leaves some team decisions in flux

The Hindu  

The timing of Michael Jordan’s decision to sell his majority ownership stake in the Charlotte Hornets has left the organization in flux, with several looming key personnel decisions. “Whether it’s Mitch or Michael making the decisions, I think you have to keep these guys from the new ownership group in the loop,” Marks said. “I would suspect there would be …

Michael Jordan’s decision to sell the Hornets leaves some team decisions in flux
1 year, 6 months ago

Michael Jordan’s decision to sell the Hornets leaves some team decisions in flux

Associated Press  

CHARLOTTE, N.C. — The timing of Michael Jordan’s decision to sell his majority ownership stake in the Charlotte Hornets has left the organization in flux, with several looming key personnel decisions. “Whether it’s Mitch or Michael making the decisions, I think you have to keep these guys from the new ownership group in the loop,” Marks said. “I would suspect …

Michael Jordan selling majority ownership stake in Charlotte Hornets
1 year, 6 months ago

Michael Jordan selling majority ownership stake in Charlotte Hornets

The Hindu  

Michael Jordan is finalising a deal to sell the majority share of the Charlotte Hornets, a move that will end his 13-year run overseeing the organization, the team announced Friday. “In the same way that it’s wonderful that one of our greatest, Michael Jordan, could become the principal governor of a team, he has the absolute right to sell at …

Michael Jordan selling majority ownership stake in Charlotte Hornets
1 year, 6 months ago

Michael Jordan selling majority ownership stake in Charlotte Hornets

Associated Press  

CHARLOTTE, N.C. — Michael Jordan is finalizing a deal to sell the majority share of the Charlotte Hornets, the franchise announced Friday, leaving the 30-team NBA without any Black majority ownership. “In the same way that it’s wonderful that one of our greatest, Michael Jordan, could become the principal governor of a team, he has the absolute right to sell …

Michael Jordan selling Hornets majority stake to group led by Gabe Plotkin, Rick Schnall
1 year, 6 months ago

Michael Jordan selling Hornets majority stake to group led by Gabe Plotkin, Rick Schnall

New York Times  

Hornets majority owner Michael Jordan has reached an agreement to sell his stake to a group led by Gabe Plotkin and Rick Schnall, the team said Friday. The six-time NBA champion became majority owner of the Charlotte franchise — then known as the Bobcats — in March 2010. Charlotte went 423-600 during Jordan’s 13 full seasons as controlling owner — …

NBA: Michael Jordan has picked the PERFECT time to sell the Charlotte Hornets
1 year, 8 months ago

NBA: Michael Jordan has picked the PERFECT time to sell the Charlotte Hornets

Daily Mail  

For the second time in his illustrious life, Michael Jordan is divesting from an NBA team. Forbes now values the whole club at $1.7 billion, which is just 27th among NBA teams, but a roughly 443-percent increase from 2010, when Jordan bought media mogul Bob Johnson's 65-percent stake for $275 million. The team has only two playoff berths in his …

Michael Jordan considering sale of Hornets; no deal imminent
1 year, 9 months ago

Michael Jordan considering sale of Hornets; no deal imminent

Associated Press  

Michael Jordan is considering selling the Charlotte Hornets. The six-time NBA champion is in negotiations to sell at least a portion of the franchise to a group that includes Hornets minority owner Gabe Plotkin. “Four years ago, Michael Jordan sold a stake in the Charlotte Hornets to a Gabe Plotkin-led group,” Jump Management, which is Michael Jordan’s family office, said …

NBA Legend Michael Jordan in Talks to Sell Majority Stake in NBA Hornets: Report
1 year, 9 months ago

NBA Legend Michael Jordan in Talks to Sell Majority Stake in NBA Hornets: Report

News 18  

Retired NBA legend Michael Jordan is in talks to sell his majority stake in the NBA’s Charlotte Hornets, but no deal is imminent, ESPN reported on Thursday. The deal would see Jordan sell the largest stake in the club to Hornets minority shareholder Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall, with Jordan expected to keep a minority stake …

Michael Jordan is in talks to sell majority stake of Charlotte Hornets
1 year, 9 months ago

Michael Jordan is in talks to sell majority stake of Charlotte Hornets

Daily Mail  

Michael Jordan's disappointing 13-year tenure as owner of the Charlotte Hornets could be winding down. The Basketball Hall of Famer is reportedly in serious talks to sell his majority stake of the team to a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall, ESPN is reporting. Michael Jordan is said to be in …

Michael Jordan in talks to sell majority stake in Hornets franchise: Source
1 year, 9 months ago

Michael Jordan in talks to sell majority stake in Hornets franchise: Source

New York Times  

Charlotte Hornets owner Michael Jordan is in talks to sell a majority stake in the franchise, a person who has been briefed on details of the negotiations confirmed to The Athletic on Thursday. Here’s what you need to know: Jordan is reportedly in talks to sell his majority stake to a group led by Hornets minority owner Gabe Plotkin and …

NBA: Charlotte Hornets owner Michael Jordan praises LaMelo Ball, says rookie has 'exceeded our expectations'
3 years, 9 months ago

NBA: Charlotte Hornets owner Michael Jordan praises LaMelo Ball, says rookie has 'exceeded our expectations'

Firstpost  

Rookie LaMelo Ball has seized the attention of the NBA this season with his highlight reel passes and a surprising ability to score the basketball, including Charlotte Hornets owner Michael Jordan. He regularly delivers on-time behind-the-back passes leading to transition layups, kick-outs for open 3-pointers and alley-oop lobs for dunks off the pick-and-roll, many of those going to high-flying Miles …

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