The Latest Breaking News from Gabe Plotkin

Michael Jordan is finalizing a deal to sell the majority share of the Charlotte Hornets, a move that will end his 13-year run overseeing the organization, the team announced Friday

The NBA legend plans to step aside after 13 years as Charlotte’s majority owner.

Less than a week after a report surfaced that Michael Jordan was in serious talks to sell a large part of his stake in the Charlotte Hornets to a group that includes Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall, Jordan’s family office cast doubt on…

NBA legend Michael Jackson has confirmed talks with Charlotte Hornets minority owner Gabe Plotkin over the sale of more of his stake in the franchise, which is now worth $1.7billion

Jordan is the NBA’s only Black owner. He purchased the expansion team from Bob Johnson for $180 million in 2010. The team had a net worth of $1.7 billion after the 2021-22 season, according to Forbes.

Jordan might sell the Charlotte Hornets to a consortium co-led by Gabe Plotkin, whose Melvin Capital lost big in the pandemic's meme-stock frenzy.

Michael Jordan's obscene net worth has been revealed with the NBA legend set to make a hefty profit on his Charlotte Hornets stake with a sale on the cards this year, ending 13 years of ownership

Michael Jordan’s tenure as majority owner of the Charlotte Hornets is reportedly near its end.