{"id":430624,"date":"2023-03-22T17:25:39","date_gmt":"2023-03-22T21:25:39","guid":{"rendered":"https:\/\/7sport.net\/ca\/?post_type=news&p=430624"},"modified":"2023-03-22T17:25:39","modified_gmt":"2023-03-22T21:25:39","slug":"michael-jordan-contemplating-hornets-sale","status":"publish","type":"news","link":"https:\/\/7sport.net\/en\/news\/michael-jordan-contemplating-hornets-sale\/","title":{"rendered":"Michael Jordan contemplating Hornets sale"},"content":{"rendered":"

Michael Jordan<\/a> is currently considering selling the Charlotte Hornets.<\/p>\n

The 60-year NBA legend is in negotioations with a group, that includes the Hornets minority owner Gabe Plotkin. They are expected to receive at least a portion of the franchise.<\/p>\n

\u201cFour years ago, Michael Jordan<\/a> sold a stake in the Charlotte Hornets to a Gabe Plotkin-led group,\u201d Michael Jordan<\/a>\u2019s family office said in a statement on Wednesday.<\/p>\n

\u201cAs a natural step in a process due to that transaction, Michael and Gabe are in discussions about his group potentially buying an additional stake.\u201d<\/p>\n

Jordan is yet to speak of the potential deal as he refused to give an interview.<\/p>\n

In 2019, Jordan sold a portion of the Hornets to Plotkin, a founder of Melvin Capital, and Daniel Sundheim of DI Capital, but Jordan still holds the majority of the teams shares.<\/p>\n

It\u2019s unclear whether he is looking to sell his entire majority stake in the team, or just a portion of it.<\/p>\n

Jordan is the NBA\u2019s only Black owner. He purchased the expansion team from Bob Johnson for $180 million in 2010. The team had a net worth of $1.7 billion after the 2021-22 season, according to Forbes.<\/p>\n","protected":false},"excerpt":{"rendered":"

Michael Jordan is currently considering selling the Charlotte Hornets. The 60-year NBA legend is in negotioations with a group, that includes the Hornets […]<\/p>\n","protected":false},"author":4224,"featured_media":430625,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false},"tags":[17122,17208],"news_category":[16706],"gn_keywords":[],"acf":{"announce":"The six-time NBA champion is currently in negotiations","video":[]},"rank_math_focus_keyword":"","rank_math_description":"","rank_math_title":"","rank_math_robots":"","rank_math_canonical_url":"","rank_math_facebook_title":"","rank_math_facebook_description":"","rank_math_facebook_image":"","rank_math_twitter_title":"","rank_math_twitter_description":"","rank_math_twitter_image":"","rank_math_snippet_shortcode":"","rank_math_primary_category":"","rankmath_seo":{"focus_keyword":"","description":"","title":"","canonical_url":"","robots":"","facebook":{"title":"","description":"","image":""},"twitter":{"title":"","description":"","image":""}},"_links":{"self":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news\/430624"}],"collection":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/users\/4224"}],"replies":[{"embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/comments?post=430624"}],"version-history":[{"count":0,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news\/430624\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/media\/430625"}],"wp:attachment":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/media?parent=430624"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/tags?post=430624"},{"taxonomy":"news_category","embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news_category?post=430624"},{"taxonomy":"gn_keywords","embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/gn_keywords?post=430624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}