Michael Jordan is finalizing a sale of the Charlotte Hornets to a group led by Gabe Plotkin and Rick Schnall, ending his 13-year run as majority owner, league sources told ESPN on Friday.
Michael Jordan is finalizing a sale of the Charlotte Hornets to a group led by Gabe Plotkin and Rick Schnall, ending his 13-year run as majority owner, league sources told ESPN on Friday.
Looks like the deal is for $3 Billion
https://twitter.com/wojespn/status/1669717232379736065?s=20
Bought the team for $180 million and selling it for $3 billion. Goddamn.
Nice chunk of change for being bad at the job too…
It’s a supply/demand thing.
The league really needs to expand.
Great investment