On Other Side of Hornets Sale, Man Who Made Michael Jordan Over $2 Billion Profit Reveals First In-Person Meeting With Co-owner

Michael Jordan‘s tenure as a majority owner of the Charlotte Hornets wasn’t all failure. While the team’s performances were usually mediocre, this tenure helped him turn into a billionaire. With his ownership stint coming to an end, Jordan was blessed with more money despite facing a lot of criticism for not being successful with the Hornets. This side of the sale is very well known. But how does this look for the new majority owner Gabe Plotkin?

Well, it was nothing short of a blessing for the 44-year-old. Now, as the official majority owner of the Hornets, let’s take a look into why this sale was a win-win for Plotkin.?

The other side of the $3 billion Hornets’ sale

Michael Jordan doesn’t settle for a lesser role easily. The mentality has been the same ever since he started playing basketball. However, when it came to being a minority owner of the Hornets, Jordan did not hesitate to take up the role. Well, there is only one reason behind and it is none other than Gabe Plotkin.?

The 44-year-old businessman is the founder and the chief investment officer of Melvin Capital Management. However, this high profile alone did not help him finalize a deal with Jordan. According to reports, Plotkin believes Jordan felt?“comfortable”?with him and that is a major reason for the sale to go through.?

Plotkin has been an ardent fan of MJ ever since he started watching the game. Surprisingly, he attended Jordan’s famous ‘flu game’ in 1997 as well. When asked about the sale, Plotkin shared,?“I think for Michael to move forward in this kind of partnership, he had to feel comfortable with me and it?s been great”

Read more: $3.5 Billion Worth Michael Jordan Gives Emotional Response To Describe Favorite Aspect of $8.3 Billion Industry Product

However, for Plotkin, the long travel to make it here as an owner, overtaking Jordan, stands more valuable than the sale.?

Gabe Plotkin on the surreal moment of meeting Michael Jordan

The 44-year-old has worked hard for this moment. You don’t get to meet the Chicago Bulls legend easily. But Plotkin has made it to a place where is comfortable with Jordan. The best part is that he has done all this being a fan of the 6x NBA champion.?

The Melvin Capital founder shared,?“There was definitely a moment where you walked into the room to meet Michael Jordan for the first time and you?re like, ?What?s going on in my life? This is pretty special.”

MJ sold the Hornets for a reported amount close to $3 billion. Having purchased the team back in 2010 for $275 million, His Airness bagged a massive profit of around $2.7 billion. What are your thoughts on this story? Share your take in the comments below.?

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