NBA/Jordan Confirms $3 Billion Sale Of Hornets Nick Owner Only Vote Against

According to reports on the 24th, the NBA board of directors has officially approved Michael Jordan's application to sell the Charlotte Hornets, which will be sold in the near future for $3 billion to investment management company boss Gabe Plotkin and private equity firm chairman Rick Schnall. The "God of basketball" and the Hornets' 13-year business history will also come to an end.

The NBA Board of governors voted 29-1, with the only dissenting vote coming from New York Knicks owner James Dolan.

Jordan became a minority owner of the Hornets' predecessor Charlotte Bobcats in 2006 and became the first black owner in NBA history when he took over in 2010 for $275 million. Although the team's record has always struggled, the market value of the team has doubled in the past 13 years, and originally estimated the market value of Wasps at about 1.7 billion yuan last year, it was finally sold at a high price of 3 billion yuan, which made Jordan only spend 13 years on resale to earn a lot of money.

According to reports on the 24th, the NBA board of directors has officially approved Michael Jordan's application to sell the Charlotte Hornets, which will be sold in the near future for $3 billion to investment management company boss Gabe Plotkin and private equity firm chairman Rick Schnall. The "God of basketball" and the Hornets' 13-year business history will also come to an end.

The NBA Board of governors voted 29-1, with the only dissenting vote coming from New York Knicks owner James Dolan.

Jordan became a minority owner of the Hornets' predecessor Charlotte Bobcats in 2006 and became the first black owner in NBA history when he took over in 2010 for $275 million. Although the team's record has always struggled, the market value of the team has doubled in the past 13 years, and originally estimated the market value of Wasps at about 1.7 billion yuan last year, it was finally sold at a high price of 3 billion yuan, which made Jordan only spend 13 years on resale to earn a lot of money.

As a result of the board's confirmation, the Hornets transaction will commence the sale process and the agreement will be completed in approximately two weeks. It is understood that Jordan himself will retain a minority stake.