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Tribune News Service
Tribune News Service
Sport
Evan Moore

Michael Jordan is selling his majority stake in the Hornets. How much is the team worth?

Michael Jordan Hornets Charlotte Charlotte Hornets NBA Bobcats NC

CHARLOTTE, N.C. — Charlotte Hornets owner Michael Jordan is finalizing a deal to sell his majority stake in the team after a 13-run with the franchise.

The deal includes Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall, ESPN reported on Friday. Jordan is expected to hold a minority stake in the Hornets when the sale goes through, according to the report.

The transaction is subject to the approval of the NBA Board of Governors. Along with the Hornets, HSE ownership includes the Greensboro Swarm (NBA G League) and Hornets Venom GT (NBA 2K League), as well as managing and operating Spectrum Center, each of which is included as part of the sale.

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