Michael Jordan is, at worst, the second-greatest player to ever set foot on an NBA hardwood.
But as great as he was on the court and as successful as he’s been as a businessman, he has left a lot to be desired as a team owner.
That’s why some fans were excited to know that he’s ready to sell his majority stake in the Charlotte Hornets, according to a report by ESPN’s Adrian Wojnarowski.
Scoot is a Hornet
— NBA University (@NBA_University) June 16, 2023
GOAT player but horrible owner
— ᴅ ʀ ᴇ ᴡ (@FeelLikeDrew) June 16, 2023
Michael Jordan as the legend he is failed to make that Charlotte Hornets team ever truly competitive under his ownership.
Now with new owners coming in & the upcoming NBA draft it’ll be interesting to see if “new owners” syndrome kicks in & they move that #2 pick.
— Kory Waldron (@Just_KWal) June 16, 2023
It's pretty sad. Would have loved to see him succeed as an owner and executive.
— John Frascella (Football) (@NFLFrascella) June 16, 2023
The legendary shooting guard will sell the stake to a group led by minority owner Gabe Plotkin and Rick Schnall.
This will end Jordan’s 13-year run in charge of the team.
Notably, the Hornets have been bottom-feeders for the better part of Jordan’s tenure as team governor.
They’ve made some questionable and head-scratching decisions in the NBA Draft, and their free-agency moves haven’t been much better.
The team failed to capitalize on Jordan’s presence to lure top-tier players, and some believe he should’ve taken a more hands-on approach to try and develop a winning culture within the organization.
Even so, this will be another huge financial win for the six-time NBA champion, as he bought his majority stake for $180 million, and the team is now valued at over $1.7 billion, according to Forbes.
Hornets fans will hope this new era brings them more success on the court, and Jordan will most likely continue to make hundreds of million behind closed doors as one of the most mysterious former NBA players ever.
NEXT: Hornets Release Statement After News Of Sale
