Michael Jordan in talks to sell majority stake in Hornets to hedge fund billionaire.
TL;DR Summary
Michael Jordan is reportedly in talks to sell his majority stake in the Charlotte Hornets to a consortium led by Gabe Plotkin, the hedge fund billionaire at the center of the GameStop saga. Plotkin and Rick Schnall, minority owners of the Hornets and Atlanta Hawks, respectively, are leading the consortium. Jordan would keep a minority stake if the deal is completed. The Hornets were valued at $1.7 billion by Forbes in October and currently have a 22-49 record.
- Michael Jordan is reportedly close to selling his NBA franchise to the hedge fund billionaire at the center of the WallStreetBets/GameStop saga Fortune
- Stephen A. addresses Michael Jordan in talks to sell majority stake in Hornets | First Take ESPN
- Michael Jordan's net worth is four times Cristiano Ronaldo's ahead of NBA team sale Express
- Could Michael Jordan be part of bid to buy Commanders? Yardbarker
- Michael Jordan in talks to sell majority stake in Hornets, sources say ESPN
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
2 min
vs 3 min read
Condensed
84%
486 → 78 words
Want the full story? Read the original article
Read on Fortune