Earthquake in the NBA: Michael Jordan wants to sell the Hornets

The great fortunes have always shown interest in acquiring clubs from the sports leagues. The goal of these acquisitions by millionaires is often to open a new avenue of income or gain political position. This phenomenon has been observed in soccer, hockey, basketball, and even e-sports leagues. However, it doesn’t always go well. On this occasion, former NBA player Michael Jordan wants to sell the club in the same league that he acquired in 2010, according to ESPN.

At the time, Jordan paid 275 million dollars to take over the Charlotte Hornets team, located in North Carolina. According to the latest information, the athlete would be in contact with the minority members of the same club, Gabe Plotkin and Rick Schnall, who also have interests in the Atlanta Hawks.

So far, Jordan’s agents have responded: “We do not comment on rumors and speculation.” As reported by the sports media, Jordan would like to maintain a minority stake in the club. The famous former basketball player has a fortune of 2,000 million dollars, according to the American economic medium.

In February, two other teams in this league were already sold: the Phoenix Suns and the Phoenix Mercury. The city of Phoenix men’s and women’s teams were sold to the same owner, Mat Ishbia, the chief executive of United Wholesale Mortgage, for $4 billion.

Currently, the valuation of the Charlotte Hornets is 1.7 billion dollars, occupying position 27 in the ranking of 30 NBA teams, according to Forbes. And, Phoenix Suns has a valuation of 2,700 million dollars. The team with the most economic capacity is the Golden State Warriors, with 7,000 million dollars.

Michael Jordan’s team competes at the 19,000 capacity Spectrum Center. Some stars have played in this club such as Larry Johnson, Kemba Walker or Gerald Wallace. Tickets for one of the upcoming games, against the Chicago Bulls, are priced between $39 and $259. The professional American basketball league obtained revenues of 10,000 million dollars last season, the highest figure in its history.

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Deborah Acker

I write epic fantasy; self-published via KDP. Devoted dog mom to my 10 yr old GSD, Shadow! DM not a priority; slow response at best #amwriting #author.

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