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Michael Jordan To Sell $1.5 Billion Charlotte Hornets Soon On 1 Condition, Per Bill Simmons

Raahib Singh
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Michael Jordan To Sell $1.5 Billion Charlotte Hornets Soon On 1 Condition, Per Bill Simmons

The Ringer’s Bill Simmons predicts NBA legend and Charlotte Hornets owner Michael Jordan might sell the franchise

Michael Jordan is one of the greatest players ever to play basketball. Drafted in 1984, Jordan played for 15 seasons in the NBA and has a stellar list of achievements. The 6’6 guard was a 6x NBA Champion, 6x Finals MVP, 5x NBA MVP, 1x DPOY, and 14x All-Star.

His love for basketball did not diminish, even after he retired. MJ stayed close to the game, first with his Jordan brand and then by buying a minority stake in the Charlotte Bobcats in 2006. As part of the deal, he took over the entire basketball side of operations and had the title of Managing Member of Basketball Operations. In February 2010, Jordan sought to become the franchise’s majority owner and became so by March 17, 2010.

Michael Jordan spent $275 Million to purchase the Bobcats(now Hornets). The team is valued at $1.5 Billion as of May 2022. However, it looks like the 6x NBA Champion may not be satisfied and wants to move on from the team.

Also Read: “Adam Silver planned to use the ‘Michael Jordan nuclear card”‘: Bill Simmons reveals plan of action for Robert Sarver’s exit

The Ringer’s Bill Simmons claims Michael Jordan might sell the Hornets

With the entire Robert Sarver situation, the NBA fined him $10 Million and suspended him for one year. However, this wasn’t enough, as many sought for him to not be associated with the Pheonix Suns and the Phoenix Mercury anymore.

On September 21, Sarver announced that he has begun the process of selling both the franchises.

Bill Simmons talked about the same on his latest podcast episode.

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There, he talked about how he estimates the Suns to fetch at least $4.7 Billion. He explained his reasoning behind the same, and then mentioned something peculiar. If the Suns sell for under $4 Billion, other owners might also look to sell their teams. Having said that, he followed it and said,

About the author

Raahib Singh

Raahib Singh

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Raahib Singh is an NBA Journalist and Content Strategist at The SportsRush. A Computer Science Engineer by qualification, Raahib's passion for sports drew him towards TSR. He started playing basketball at 14 and has been following the NBA since 2013. His entry into the basketball world perfectly coincided with Stephen Curry putting the league on notice. Having followed the league for a long time, he decided to use his knowledge to become a sportswriter with The SportsRush in 2020. Raahib loves to put up some shots in his spare time, watch Cricket, Formula 1, and/or read a nice thriller.

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