Michael Jordan could make $1.5 billion profit from selling Hornets / News - Basketnews.com

Michael Jordan could make a significant portion of money if sold the Charlotte Hornets franchise. NBA legend discusses a potential deal with a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall.

Credit: AFP – Scanpix Credit AFP – Scanpix

ESPN's Adrian Wojnarowski recently reported that the Charlotte Hornets owner Michael Jordan is in serious talks to sell a majority stake in the franchise.

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NBA legend discusses a potential deal with a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall.

Jordan paid $275 million for the team in 2010, and the franchise is now worth $1.77 billion. He could make a significant profit of up to $1.495 billion if he sold the franchise.

Despite that, if a sale is completed, Jordan is reportedly expected to remain with a minority stake in Charlotte.

Jordan's 13-year run as the Hornets owner is highlighted by two NBA Playoffs appearances.

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