There are enough reasons to presume why 6x champion Michael Jordan has decided to sell his ownership stake with the Charlotte Hornets. An embarrassing playoff drought, inefficiency with draft picks, and whatnot. However, there could be a much bigger reason for the sudden decision from the Chicago Bulls legend. Is the Hornets’ poor performance over the years the crux of the issue, or does MJ still have investment problems? If you feel confused, well, Boston Celtics legend Kevin Garnett is too!?

A wild Instagram post that has a whole new perspective about the 5-time MVP’s ownership decision has left KG and several others mulling. Ever wondered what happened to the $500 million that went missing from MJ’s net worth??

A new narrative on Michael Jordan’s sudden decision leaves Kevin Garnett pondering

Spending millions is nothing new for the 6x Finals MVP. MJ almost went bankrupt during his time in Chicago due to the same reason. And it looks like Jordan is still suffering from it. This time, however, the 60-year-old was not the only one who got into trouble. Ever heard of the names Gabe Plotkin and Ken Griffin?

According to a viral video on Instagram, it looks like the two billionaires from Chicago bailed out the NBA legend. How so? The post revealed MJ and Melvin Capital’s Gabe Plotkin made a massive investment of $4 billion back in 2021, which turned into a “bad bet”. This is where the $32 billion worth Ken Griffin comes into play.?

As per the same video, Griffin decided to bail Plotkin out eight months after their failed investment. Plotkin has reportedly settled his dues with Citadel’s CEO. However, MJ still owes a huge lump sum to Plotkin. Guess who is buying the Charlotte Hornets’ ownership stake from the basketball GOAT??

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As per reports, it’s none other than $400+ million Gabe Plotkin. Now you know why this story makes sense. 2008 champion Kevin Garnett shared the above-mentioned video along with a confused emoji.

Ever wondered what happened to the $500 million from Jordan’s net worth??

Where did the $500 million go??

Back in 2021, Jordan’s $2.1 billion net worth took a sudden dip as it fell to $1.6 billion. As per speculations, one of the main reasons was the GameStop stock, which created chaos on Wall Street. 45-year-old Gabe Plotkin who suffered a huge blow due to the same was linked to a $500 million short Michael Jordan.?

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Moreover, in 2019, MJ sold a minority stake in the Charlotte Hornets to two investors. As guessed, one of them was Plotkin. All things considered, the narrative from the Instagram video could turn out to be true!

What are your thoughts on this? Did Jordan sell the Hornets for the above reason??