Michael Jordan surprised a lot of people when it was reported he was looking to sell the Charlotte Hornets. MJ hasn’t had the best time as a team owner and after many failed attempts to become a competitive team, he has decided to step down.
He could sell them for $1.7 billion after buying the team for $180 million. This will be a huge business for Jordan, but it still feels like a failure given that he never got to compete for a championship with the Hornets. Former teammate and friend John Salley recently touched on this situation, explaining why MJ has made this decision.
“I think Jordan’s going to sell a team. I think it doesn’t help him anymore and I think getting new blood and new ideas in there and he’s 62 years old, 61 years old, there’s no reason to keep stressing and having to go to North Carolina when you know you want to stay in Jupiter Florida,” he said on VladTV.
Jordan has had big passions during his career, and even after his third and final retirement, he stayed linked with the game. He wanted to create something good with the Hornets, but things didn’t work for him.
They missed out on big opportunities over the years, and luck wasn’t there for them either. After many years of trying without any success, it’s time for Jordan to step away and focus on new things.
Michael Jordan And The Hornets Potentially Missed Out On $500 Million After Missing Out On Victor Wembanyama
The last big hit for His Airness was the 2023 NBA Draft Lottery. The Hornets once again were close to landing the No. 1 overall pick but ended up getting the second pick in the upcoming draft. They won’t be able to land Victor Wembanyama, which could mean they’ll miss out on $500 million with the arrival of the Frenchman to a different team.
This perfectly sums up how complicated Jordan’s tenure with the Hornets has been, and we hope that whatever he does next brings him more joy than being the owner of an unlucky team.
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