Michael Jordan sells Charlotte Hornets majority interest

[{"selector":"#anim-080b404e-4351-4046-b630-2354f3893dfa [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-274c98ed-e8be-4a0b-ad58-32c7973a95c6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bd23b37b-4802-4424-a934-549fb1132684","keyframes":{"transform":["translate3d(106.40669%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Friday's announcement that Michael Jordan is selling the majority stake of the Charlotte Hornets leaves the NBA without any Black majority ownership.

[{"selector":"#anim-a09ef48a-74f3-4cc1-9350-8017debace3e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ee42cb84-3f20-40ab-8a64-ad4a6b9567c4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-149dc04a-7c05-4ae0-98f7-4502c7d6306f","keyframes":{"transform":["translate3d(106.40669%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] It's unclear how long the NBA Board of Governors will take to ratify the sale. Jordan expects to retain a minority share in the Hornets, which he acquired for $275 million in 2010.

[{"selector":"#anim-18519d24-6bcf-4f37-ae91-c80ff7319562 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-d35cd1fe-9d81-4f75-adf5-f6abeff8f3f4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7f10a892-c7f5-4582-a90d-1660221ad881","keyframes":{"transform":["translate3d(106.40669%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Charlotte's 423-600 record in his 13 seasons was 26th-best. In that period, has never won a playoff series and hasn't made the playoffs in seven seasons.

[{"selector":"#anim-fb5f5b59-9ed2-4e18-aa97-b442317d5744 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-8e5fcf1f-878a-4ef9-9440-aa78ca2ed7ab","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-96231a40-af2b-4779-a88a-23c3fbe14697","keyframes":{"transform":["translate3d(106.40669%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Jordan was worried by the Hornets' troubles. He sold a minority share to Plotkin and Sundheim in 2020, signaling his desire to leave NBA ownership.

[{"selector":"#anim-b449be36-bb73-4e4e-a28f-2e8f6ae61d0e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ffb882ef-281b-4781-bdcf-090343a2466e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2b287659-5db0-47a6-a993-775de369703e","keyframes":{"transform":["translate3d(106.40669%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Charlotte returned to the playoffs in 2013-14 but was swept by the Miami Heat. Two years later, the Hornets won 48 games but fell to the Heat again in the first round.

[{"selector":"#anim-74c11e11-e742-4c16-8623-f1d699cf100d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-640dc79b-249a-410f-882d-c9e6a52b4e65","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-32524d48-9d9b-4d12-a627-3ccd08513eef","keyframes":{"transform":["translate3d(106.40669%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] In the seven years afterwards, Jordan's Hornets have had just one winning season and twice lost early in the play-in round as the 10 seed.

[{"selector":"#anim-c5c9302a-a972-4287-85fa-5d186a80aa4f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-e1ada9b6-1f89-43db-9e34-1d85020b368d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b94abeac-8e6b-44b2-81d3-feb9e343012d","keyframes":{"transform":["translate3d(106.40669%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Charlotte has not won a playoff series since 2001-02 or an NBA title.