The Hornets held a press conference Thursday formally introducing its fresh homeowners, Gabe Plotkin and Rick Schnall. Forward of the presser, former majority proprietor Michael Jordan immune a observation addressing the sale and his tenure on the helm of the franchise.
“The opportunity to be the majority owner of the Charlotte Hornets in my home state of North Carolina for the last 13 years has been a tremendous honor,” Jordan mentioned within the drop. “I’m proud of all that the organization accomplished: the exciting on-court moments, the return of the Hornets name, Charlotte hosting the 2019 NBA All-Star Game and HSE becoming a true pillar of this community.
“Through the years, the unwavering commitment, passion and loyalty of our Hornets fans has been incredible. As I transition into a minority ownership role, I’m thrilled to be able to pass the reins to two successful, innovative and strategic leaders in Gabe and Rick. I know the Hornets organization is in great hands moving forward. I’m excited about the future of the team and will continue to support the organization and the community in my new role in the years ahead.”
Jordan has been the bulk proprietor of the franchise for the closing 13 years and the sale was once for $3 billion, in keeping with ESPN. The Bulls legend remains to be a minority proprietor and can lend as an “alternate governor” of the franchise. Right through his tenure as proprietor, the Hornets have handiest made the playoffs on 3 events, on the other hand, and its fresh possession workforce will glance to place an finish to that pattern.