Today, according to the report of Rick Bonnell of the Charlotte Observer, sources revealed that Michael Jordan, the owner of the Hornets and a member of the hall of fame, is negotiating a deal to sell the shares of the Hornets.
According to reports, sources revealed that Jordan will sell most of his shares in the Hornets to two investors from New York, but Jordan will not give up his absolute control over the Hornets.
It is reported that the two buyers are Gabe Plotkin, one of the founders of Melvin capital, and Daniel sundheim, one of the founders of Di capital. At present, the transaction is under negotiation and has not been approved by the alliance. It is preliminarily expected that the transaction will be completed within a few weeks.
At present, Jordan owns about 97% of the equity of the wasp. According to sources, Jordan made it clear that he would not give up control over the wasp, and he would operate the wasp for a long time.
At present, the overall valuation of wasps is about $1.3 billion. Jordan bought 60% of the wasp from Bob Johnson for $130 million in 2010. So far, Jordan owns about 97% of the shares of hornets.
According to reports, Jordan is the only former NBA player in the league who has absolute control of an NBA team. At present, Jordan's total assets are about US $1.9 billion. The main reason for his sale of wasp equity is to obtain some new business ideas and technologies from his partners.