Jordan considers selling Hornets; nothing certain
Michael Jordan is considering selling the Charlotte Hornets.
The six-time NBA champion is in negotiations to sell at least a portion of the franchise to a group that includes Hornets minority owner Gabe Plotkin.
“Four years ago, Michael Jordan sold a stake in the Charlotte Hornets to a Gabe Plotkin-led group,” Jump Management, which is Michael Jordan's family office, said in a statement to The Associated Press on Wednesday. “As a natural step in a process due to that transaction, Michael and Gabe are in discussions about his group potentially buying an additional stake.” No deal is imminent. “At this time, it is unclear whether an additional sale will take place,” the statement read.
Jordan declined interview requests to discuss the potential sale of the team through his spokesperson, Estee Portnoy.
In 2019, Jordan sold a portion of the Hornets to Plotkin, a founder of Melvin Capital, and Daniel Sundheim of DI Capital, but Jordan still controlled the majority of the team's equity.
It's unclear at this point if Jordan is looking to sell his entire majority stake in the team, or just a portion of it. CLIPPERS' GEORGE OUT >> The Los Angeles Clippers may be without All-Star Paul George to start the postseason.
The team said Wednesday that George has a sprained right knee and he will be reevaluated in two to three weeks.
The Clippers began the day in fifth place in the Western Conference with a 38-35 record. They end the regular season on April 9 at Phoenix, a team they could meet in the first round of the playoffs, which begin six days later.
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HEAT 127, KNICKS 120 >> Jimmy Butler scored 35 points and Tyler Herro scored 14 of his 22 in the fourth quarter for host Miami. Herro made four 3-pointers in the fourth for the Heat, took the lead for good with a 16-2 run midway through the final quarter. New York's Julius Randle, coming off a 57-point effort Monday against Minnesota, was held to 15. RJ Barrett scored 26 for the Knicks.
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