Forced to Make $3,000,000,000 Sale, Michael Jordan Slapped With Stern 4-Worded Message by New Hornets Owner

The greatness of NBA giant Michael Jordan goes beyond the realm of basketball. He made gigantic waves not just in the NBA but in the business industry as well. He is known for his business acumen. However, after the recent forced sale of the Charlotte Hornets, the legend faced a strong remark from the new owners.

Recently, Jordan sold his majority stake in the Charlotte Hornets. And that marks the end of his 13 years as the owner of the franchise. While Jordan is known for his extensive business knowledge and savvy, the team just wasn’t able to win any championship under his ownership. As the new group of owners led by Rick Schnall and Gabe Plotkin takes control over the franchise, it surely brings new hope and a bright future for the team. Meanwhile, they have a stern message for the previous owner. 

Rick Schnall and Gabe Plotkin are excited about the new future of the franchise

According to the reports, the NBA’s board of governors approved the deal of the new ownership with a vote of 29-1. Schnall and Plotkin will alternate their roles as the governor of the Hornets regarding every legal issue. Prior to the massive deal, Plotkin has been a minority stake owner in the Hornets. Moreover, Schnall’s contribution can also be expected to be significant for his experience as a minority stake owner in the Atlanta Hawks. 

Speaking about the team’s future, Schnall said, “I have watched all 30 teams. I know all the 30 owners, we have the chance to do something special. We are different”

Targeting the previous owner, Plotkin said, “This is our team. We have a single, simple goal, which is to create the premier franchise in the NBA.”

Well, while his Airness has indeed done great things for the team, many people and fans have called out the legend’s failure as an owner. 

Michael Jordan’s $3 billion sale of Charlotte Hornets 

Michael Jordan indeed helped the Hornets to get its name back in 2014. Furthermore, his philanthropy arm has extended quite a lot of help to the Charlotte community. However, according to the record of win-loss, his Airness couldn’t succeed as the franchise’s owner. Numerous analysts and fans have called out Jordan’s failure as Hornets’ owner. 

READ MORE: NBA Legend Calls Dwyane Wade a More “Skilled” Shooting Guard Than Michael Jordan in Big Praise for LeBron James

Ultimately, Jordan sold his majority stake in the North Carolina-based franchise for a whopping $3 billion. There have been several rumors as well. A Twitter handle claimed that the legend lost his team because of his gambling addiction. Many people believed the news as the legend has previously been involved in such news. However, investor and entrepreneur Joe Pompliano put an end to the rumors with his relevant justifications. 

Do you think the truth will be revealed soon? Tell us your thoughts.

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