NBA: Michael Jordan in talks to step down as Hornets’ biggest shareholder

Michael Jordan is negotiating to cease being the largest shareholder charlotte hornet, network assured this Thursday ESPN.

Adrian Wojnarowski, one of the journalists with the best sources and contacts in the NBA, said that Jordan in talks to sell majority shares from that franchise to a group led by Gabe Plotkin, who is already a minority shareholder in the Hornets, and Rick Schnall, who has a stake in the Atlanta Hawks.

Jordan wouldn’t have completely abandoned the Hornets as he would have stayed with the Charlotte. minority shareholder.

The legendary former player is the only African-American to own an NBA team and became the majority shareholder of the Hornets in 2010. $275 million.

However, the six-time NBA champion with the Chicago Bulls was unlucky in the offices.

The Hornets have only made the playoffs three times since 2010., in all of which they lost in the first round, and also went seven consecutive seasons without playing in the postseason; mathematically they’ve already been eliminated this year because they’re second-to-last in the Eastern Conference with a poor record of 22-49.

(According to information from EFE)

Source: Aristegui Noticias

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