Michael Jordan could be giving up his position as majority owner of the Charlotte Hornets. According to Adrian Wojnarowski’s report, the NBA legend would be in negotiations with a group of buyers that he would continue to direct the fortunes of a franchise that continues without finding its way to the championship.
Then everything that is known about it the potential sale of Michael Jordan stock and the Hornets’ ownership change.
Is Michael Jordan Selling His Charlotte Hornets Shares? Possible new owners
As reported by Adrian Wojnarowski on Thursday March 16, Jordan would negotiate with a buyout group to relinquish his position as majority owner of the Charlotte Hornets. If the sale goes through, MJ is expected to retain certain minority shares, which would take away the force of the decision about the direction of the franchise.
The group of potential buyers is managed by Gabe Plotkin and Rick Schnalwho already have minority shares in the same Charlotte and Atlanta Hawksrespectively.
The Hornets are one of the more franchises cheap nbavalued at approx 1.7 billion dollarsalthough Jordan’s profit would obviously be less, since this is not a sale of 100% of the team’s shares, but only a part of them.
Michael Jordan and a failed story as the owner of Charlotte
Jordan’s relationship with Charlotte started in 2006with what was then called Bobcats. MJ bought that year a minority part of the franchisesomething that already allowed him to have a decision-making role in the area of basketball.
In 2010, he went further with his purchase 275 million dollarsbecame the owner of the franchise located at North Carolinafor later to sell a small portion of its shares in 2019 the aforementioned Gabe Plotkin; by then, the team had already reclaimed its name from wasps.
The truth is that Jordan’s time in Charlotte was into oblivion from sportsboth in the Bobcats and Hornets scene.
Since 2006, they have only made the playoffs on three occasions and were eliminated in the 1st Round on all of them. In other words, Jordan doesn’t know what it’s like to win a postseason series as an owner yet And with recent developments, you probably won’t find out anytime soon.
The sporting failure of a legend accustomed to titles at all levels is easily explained by the decisions in the management of the franchise. From contracts and unexplained moves in Free Agency yes, especially blunders in the drafteven with excellent placements in the selection order almost every year.
Adam Morrison, with the third pick in 2006. DJ Augustin with the ninth pick in 2008. Michael Kidd-Gilchrist, with the second in 2012; Cody Zeller, with the fourth in 2013; Noah Vonleh and Frank Kaminsky, with ninth in 2014 and 2015. Just a few of the names Charlotte bet on with top 10 picks that clearly ended in failures, not always with Jordan’s direct intervention, but during his tenure.
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I am a sports journalist who has been writing for a news website since 2015. My work primarily focuses on sports news, but I have also written about other topics such as technology and the arts. I have an extensive background in journalism, having worked as a reporter for a local newspaper before moving to a news website.
Milwaukee Bucks star Giannis Antetokounmpo He gave a harsh response to the question about a possible trade to another NBA club:
“I’m here. Don’t ask me that question. It’s disrespectful to me and my teammates. I wear this jersey every day.
To say I don’t want to be here is disrespectful to the organization, the coaching staff, myself and everyone who worked hard to get me on the field. Don’t ask me this question. I am her. I’m going out in this uniform. And as long as I’m here, I’ll give it my all until the last second of the match.”
On the night of December 27-28, Antetokounmpo returned to the field after his calf muscle injury and became the most productive player of the game with the Chicago Bulls – 112:103.
I am a sports journalist who has written for various websites and magazines. I currently work as an author at Sportish, a news website that covers sports news. My main focus is writing about soccer, rugby and other sports in the world.
Nine games were played in the NBA regular season on the night of December 27-28.
“San Antonio” hosted “Utah” and suffered a sensational defeat.
Spurs had a good first quarter, during which they made a 15:2 spurt to take an 11-point lead at 30:19, but failed to build on it or at least maintain it. In the second quarter, the Jazz responded with a 25:5 attack and took the lead 62:51 with the same 11 points. Utah then kept the opponent at bay for more than 10 points until the middle of the fourth quarter, when Spurs equalized the score – 106:106, thanks to a 14:2 breakthrough. However, the home team could not achieve this success and failed at the end of the match. In the last three minutes of the game, San Antonio scored 2 points and lost them with a score of 2:11 and had a score of 114:127 throughout the match.
Svyatoslav Mikhayyuk He was in Utah’s starting five and stayed on the field for 14 minutes, during which time he scored 3 points (1/1 three-pointers), also made 1 rebound and 1 assist with 1 loss and 1 foul.
The most productive player of the match was Vembanyama, who brought 32 points to Spurs, but this did not help them achieve positive results. Jazz has 29 points from Markkanen and 28 points from George.
“Chicago” lost at home to “Milwaukee”, where Giannis Antetokounmpo returned.
The Bucks gained a minimal advantage in the first quarter and then gradually increased it, eventually winning all quarters of the match and winning with a score of 103:112.
In this game, Antetokounmpo returned to the field after his calf muscle injury and became the most productive player, scoring 29 points for Milwaukee. Portis also scored a double-double for the guest team with 17 points and 11 rebounds.
NBA. Regular season, December 28
San Antonio – Utah – 114:127 (40:32, 20:38, 27:28, 27:29)
I am a sports journalist who has written for various websites and magazines. I currently work as an author at Sportish, a news website that covers sports news. My main focus is writing about soccer, rugby and other sports in the world.
Nine regular season games took place in the NBA on the night of December 26-27.
Utah hosted the Eastern Conference leader and won a sensational victory.
The first half of the match was spent with a small lead for the Pistons, who kept their opponent one or two shots away most of the time and entered the long break with a 1-point lead at 68:67. The decisive factor in the match was the third quarter; In this quarter, Jazz made a 16:3 move and took the lead by 12 points, 90:78. The home team had the advantage in the score, but Detroit gradually reduced the gap and 19 seconds before the siren, after two free throws by Cunningham, they equalized the score – 129:129. However, the match did not go to overtime – Utah took advantage of the remaining time with the efforts of George, who scored a two-pointer 3 seconds before the siren – 131:129.
Svyatoslav Mikhayyuk He stayed on the field for 21 minutes and recorded 9 points (3/4 two-pointers, 1/2 three-pointers), as well as 4 rebounds, 2 assists and 1 steal.
The most productive player was George, who scored 31 points for Utah, while Nurkic had a double-double with 16 points and 11 rebounds.
orlando: Black (24), Carter (16 + 8 rebounds), Bane (15 + 10 rebounds), Banchero (13), Jones (8) – start; Richardson (14) and Silva (8), Kane (5), Isaac (2), Howard (0), Penda (0), O. Robinson (0).
Charlotte: Ball (22 + 7 rebounds + 6 for loss), Knippel (16), Bridges (16 + 11 rebounds), Miller (15), Diabate (10 + 13 rebounds) – start; Hall (14 + 8 rebounds), Sexton (13), Hall (7), Green (6), Connaughton (1), James (0), Mann (0).
Chicago – Philadelphia – 109:102 (30:28, 19:24, 32:33, 28:17)
I am a sports journalist who has written for various websites and magazines. I currently work as an author at Sportish, a news website that covers sports news. My main focus is writing about soccer, rugby and other sports in the world.
