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[Woj] Michael Jordan is selling his majority stake in the Charlotte Hornets to the Gabe Plotkin/Rick Schnall group for an approximate $3 billion valuation, league sources tell ESPN.



[Woj] Michael Jordan is selling his majority stake in the Charlotte Hornets to the Gabe Plotkin/Rick Schnall group for an approximate $3 billion valuation, league sources tell ESPN.

by nanobot001

17 Comments

  1. Hussizle

    Wow… I wonder why? Jordan doesn’t exactly need the money and I always pegged him as a guy who probably enjoys being an owner.

  2. AlexRescueDotCom

    How will this affect LeBron’s legacy? 🤔

  3. OGnotAnunoby

    3bill for the hornets? How much are the raptors worth?

  5. AHImusic

    Imagine if Billionaires didn’t own sports clubs. Imagine if a bunch of everyday random people owned sports clubs instead.

    What if the “Bee Keeper Collective” owned the Hornets.

    Or the “American Federation of Musicians” owned the Jazz.

    “The Rare Stone Geology Club” owned the Nuggets.

    “Dinosaur Research Institute” owned the Raptors.

    The “Garbage Collectors Of NY” owned the Knicks.

    The Orlando Magic owned by S.A.M. “Society of American Magicians”.

    Warriors owned by a bunch Kindergarten teachers.

  6. trgreg

    Well, he always had an impeccable sense of timing

  7. dot_com-ca

    Are the new owners gonna be fun and silly and trade the #2 pick?

  8. Gatesleeper

    Isn’t it crazy that /r/nba is still closed?

  9. GreyMatter22

    Ah, Gabe Plotkin from Melvin Capital, a dude who shorted GameStop (GME), and got blown away (and liquidated, closed down later) to the tune of billions of $ by /r/wallstreetbets.

  10. baconperogies

    Still remember when the Bobcats would crush us in the season series.

  11. bobby_dee_billiams

    See: Melvin capital bankrupt because Gabe plotkin is the biggest loser in 21st century finance

  12. YouDontJump

    That’s another nice chunk of change for MJ.

  13. Cheechers23

    He bought the team for 180m in 2010.

    0 playoff series wins in 13 years.

    Sells for 3 billion.

    GOAT things

  14. HungryMugiwara

    Lol Gabe loss MJ so much money from gamestop that he had to sell his stake

  15. Chickenfriedricee

    I bet the second overall pick, added 250,000,000 to the evaluation

  16. danger_zones

    Hopefully these new owners will clean out all of Jordan’s nepotism hires and hire competent FO staff that can build a contender.

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