It seems that lastly, Michael Jordan’s 13-year run as proprietor of the Charlotte Hornets is over.
In keeping with Adrian Wojnarowski of ESPN, the NBA Board of Governors permitted the sale of the Hornets to The Purchaser Group headed by Rick Schnall and Gabe Plotkin on Sunday.
The acquisition of the Hornets, reportedly for a $3B price ticket, will grow to be official inside “one to 2 weeks,’ however Jordan will retain a minority stake within the crew.
House owners permitted the sale by a 29-1 vote. A supply informed Wojnarowski that New York Knicks proprietor James Dolan was the one no-vote.
There is not any different approach to slice it. Jordan’s tenure as proprietor of the Charlotte franchise wasn’t good. Whether or not it was the Bobcats or the Hornets, Jordan’s groups both underachieved or barely confirmed up. Charlotte posted solely three profitable seasons below Jordan, leading to two playoff berths, each ending in first-round losses.
The checklist of errors with Jordan on the helm is a protracted one. From making the likes of Michael Kidd-Gilchrist, Frank Kaminsky, Noah Vonleh and Cody Zeller top-10 picks, to dealing Shai Gilgeous-Alexander on draft day in trade for Miles Bridges, the Hornets by no means appeared able to getting it proper with Jordan in cost.
Maybe with new management and No. 2 general decide Brandon Miller main the way in which, the Hornets can start to place the decade-plus Jordan period behind them.
Whereas Jordan being out as prime canine could also be music to Hornets followers’ ears, the NBA is now with out an African American proprietor with a majority stake in one of many 30 groups.
Marcus J. Spears of andscape.com identified that solely two folks of colour have majority possession, together with Vivek Ranadive (Sacramento Kings) and Joe Tsai (Brooklyn Nets).
Nevertheless, the brand new Hornets possession group is various, together with rapper J. Cole and auto vendor Damian Mills, who’re each black and Amy Levine Dawson.
