On June 4th, 2020, it was announced that Michael Jordan, the former NBA superstar and owner of the Charlotte Hornets, is selling a majority stake in the team. This news comes as a surprise to many, as Jordan has been the sole owner of the Hornets since 2010.
Jordan has been a beloved figure in the NBA for decades, and his ownership of the Hornets has been a source of pride for many in the Charlotte area. The team has seen some success under his leadership, making the playoffs in three of the last five seasons.
The sale of a majority stake in the Hornets will not only bring in new capital to the team, but it will also bring in new ideas and perspectives. This could result in a new direction for the team, which could lead to more success on the court. It could also mean new investments in the team’s infrastructure and personnel, which could help to improve the fan experience.
The buyer of the majority stake in the Hornets has yet to be revealed, but it is expected that it will be an investor group with deep pockets. This could be a great opportunity for the team to take a step forward and become a more competitive franchise.
Michael Jordan has been a great owner for the Charlotte Hornets, and his legacy will continue to live on with the team. His decision to sell a majority stake in the team is a bold move that could have a positive impact on the future of the franchise. It will be interesting to see who ends up buying the majority stake and what changes they will bring to the team.
