Basketball legend Michael Jordan suddenly sells Charlotte Hornets

According to reputable journalist Adrian Wojnarowski, the owner of Charlotte Hornets - basketball legend Michael Jordan - is in talks to sell a large amount of his shares to a group of shareholders including billionaires Gabe Plotkin and Rick Schnall.

While Plotkin is a minor shareholder of the Charlotte Hornets club itself, Rick Schnall is a minor shareholder of the Atlanta Hawks, another NBA team. The process of negotiation and negotiation is taking place actively between the two sides.

If the deal is completed, Gabe Plotkin and Rick Schnall will become co-chairs of the Charlotte Hornets. The legendary Michael Jordan is still retained on the board of directors, as a small shareholder of the club.

After conquering the NBA and becoming one of the best players of all time (owning 5 MVP titles and 6 championship rings), Michael Jordan entered the path of team management in the 2000s.

In 2010, the opportunity opened up for "Mr. Air" when American billionaire Bob Johnson wanted to sell his shares of Charlotte Hornets Club. At that time, as a small shareholder, Jordan spent 275 million USD to buy the whole thing. shares of Bob Johnson.

Since that time, Michael Jordan is a major shareholder and also the only owner of a black team among 30 teams in the NBA.

Compared to the $ 275 million spent by Michael Jordan to buy the Charlotte Hornets, the selling amount is expected to be many times higher.

The prestigious Forbes magazine values ​​the "swarm of bees" at nearly $1.8 billion by the end of 2022. The actual number may be higher than that if compared with the sale of the Phoenix Suns Club earlier this year, the total value reached 3 billion USD although the valuation was less than 2 billion.

If the share sale is completed, the legendary expert predicts Michael Jordan could earn a profit of 1-2 billion USD.