Jordan Charlotte Hornets sale negotiations worth 230 billion won and 2.19 trillion won
Michael Jordan (60), the “King of Basketball,” officially announced that he is negotiating the sale of his stake in Charlotte Hornets of the National Basketball Association (NBA).
“Four years ago, Michael Jordan sold his stake in Charlotte Hornets to a group led by Gabe Plotkin,” the family office Jump Management, which manages Jordan’s family property, said in a statement on the 22nd (local time).
However, he explained that the transaction is not imminent. “For now, it is unclear whether further stake sales will take place,” the statement added.
Jordan sold part of his stake to Melvin Capital founder Plotkin and DI Capital’s Daniel Sundheim in 2019, but is still a major shareholder with most of the club’s shares.
It is not clear whether Jordan, currently the only black NBA owner, will sell his entire stake in the district.
Jordan acquired the club from Bob Johnson for $180 million (about 232 billion won) in 2010. According to Forbes, Charlotte Hornets’ club value at the end of the 2021-2022 season amounts to $1.7 billion (2.1913 trillion won). It jumped 9.45 times in 12 years 메이저사이트
However, while Jordan, who won the NBA championship six times, was the owner, the team’s performance was not good. He has not made the playoffs since the 2015-2016 season (lost the play-in tournament last season and was defeated by PO), and this season, he has also been eliminated from the postseason competition