Michael Jordan is selling his majority stake in the Charlotte Hornets, according to ESPN’s Adrian Wojnarowski. The potential buyers are a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall.
There hasn’t been a final deal yet. After 13 years of being the majority owner of the franchise, it seems as if Jordan is ready to go in a different direction. It’s unclear whether he’ll still be involved as a minority owner, but sources have said that could be the case.
Some fans trolled the six-time NBA champion on Twitter. We’ve collected some of the funniest fan reactions on the internet about MJ selling a majority stake. Here are some of the best.
With the recent report, fans can comfortably say that Jordan tried his best to turn things around. Maybe the team could find success once MJ becomes a minority owner of the team.
You might also be interested in reading: How much are Charlotte Hornets worth? Taking a look at franchise value as Michael Jordan plans on selling his stakes in the team
The Charlotte Hornets need a change of scenery to be successful
Since joining the NBA in 1988, the Charlotte Hornets haven’t had any notable success with their franchise. They had great years in the 1990s when Alonzo Mourning and Larry Johnson were the pillars of the team. However, since they left, the organization has struggled to be competitive.
Right now, they’re relying on their All-Star point guard, LaMelo Ball, to carry them to relevancy. That was the plan when they drafted him back in 2020, but due to his injuries, the team hasn’t moved the needle and has been below average.
The Hornets were on their way to becoming a relevant team again. However, they made decisions that were questionable. Charlotte fired James Borrego, a brilliant coach who has a ton of potential. Plus, Miles Bridges ran into offseason legal issues after they extended him a qualifying offer.
For the Hornets to compete, they’ll have to find stability and make smart moves. Maybe this is the reason why Jordan is planning on selling the team, who knows?
Also read: How much of Charlotte Hornets does Michael Jordan own? Taking a look at share of majority and minority owners of franchise