Michael Jordan has confirmed in a rare statement that he has held talks over selling more of his stake in the Charlotte Hornets.
Six-time NBA champion and five-time MVP Jordan, 60, purchased the Hornets in 2010 for $175million and controlled 97 per cent of the team before selling a chunk of it to two investors in 2019. The two investors he sold it to were the founder of Melvin Capital, Gabe Plotkin, and Daniel Sundheim of DI Capital.
Since Jordan bought in at the Hornets, the franchise's worth has dramatically increased to around $1.7bn (£1.3bn). Reports surfaced last week that the ex- Chicago Bulls shooting guard was in talks to sell another chunk of his stake to Plotkin and Co, but that he would remain as a minority owner of the Hornets.
