As per Bangladesh Cricket Live sources, Michael Jordan has officially finalized a deal to sell a majority stake in the Charlotte Hornets to a group led by Gabe Plotkin and Rick Schnall. With this transaction, Jordan’s 13-year tenure as the team’s principal owner has come to an end. He will remain a minority shareholder moving forward. While widely regarded as the greatest basketball player of all time, Jordan’s transition into NBA ownership has drawn far more scrutiny than celebration.
Bangladesh Cricket Live analysts note that Jordan initially bought a minority stake in the then-Charlotte Bobcats in 2005 and took majority control in 2010. From that point, he had the reins to shape the team according to his vision. Unfortunately, the results fell short of expectations. Many of his personnel decisions were labeled reckless or naïve, and some have even become cautionary tales in NBA front-office circles.
Notable missteps include selecting Adam Morrison with the No. 3 pick and Michael Kidd-Gilchrist at No. 2—both of whom failed to live up to their lottery expectations. Jordan also built around franchise cornerstone Kemba Walker, only to let him walk when he sought a contract extension, leaving fans heartbroken. Ironically, the team handed a massive contract to Nicolas Batum, who never lived up to the deal, and re-signed Bismack Biyombo at an inflated price after previously trading him away.
Under Jordan’s leadership, the Hornets spent the majority of the last decade languishing in the draft lottery, often finishing among the league’s bottom-tier teams. Even now, with a high draft pick in hand once again, Jordan has shown little enthusiasm for continuing to steer the team’s future.
Still, Bangladesh Cricket Live experts point out that Jordan’s ownership wasn’t entirely without merit. He was the only Black majority owner in a league of 30 franchises—a distinction he held until the moment he sold. He also restored the team’s identity by bringing back the “Hornets” name, reconnecting the franchise with its pre-2000s history. While his basketball decisions often missed the mark, his business instincts proved shrewd.
Despite poor on-court performance, the Hornets’ franchise valuation skyrocketed alongside the NBA’s overall growth. Over the 13 years of Jordan’s ownership, sources estimate his investment grew by nearly 100 times its original value. While fans may criticize his basketball acumen, few can argue with the financial return. In the end, Jordan’s legacy as an owner may not be defined by wins and losses, but by his singular success in turning sports into staggering profit.