Jordan Sells Most Of The Shares Of The Hornets. Two New Shareholders Are Founders Of The Fund.

According to CBS sports reports, NBA Sherlock Hornets boss Michael Jordan (Michael Jordan) has decided to sell most of the team shares to Melvin Capital founder Gaby Plotkin (Gabe Plotkin) and DI Capital founder Daniel Sondheim (Daniel Daniel). At present, the transaction has been submitted to the Alliance for approval, and is expected to be completed soon.

The number and price of the two new shareholders have not been announced. Jordan will not give up the absolute control of the team and share 97% of the shares before the sale.

In 2006, Jordan became a minority shareholder of the Sherlock Bobcats (the predecessor of the Hornets). In 2010, Jordan bought the majority stake in the Bob Johnson at the price of about 180 million dollars, and was the first African American boss of NBA to become a major shareholder of the Johnson.

In February this year, Forbes announced the 2019 NBA team valuation list. The Hornets ranked the league's bottom third with a valuation of US $1 billion 250 million.

As for the two new shareholders, Jordan said in a statement, "I am very excited to welcome plucking and Sander Heim as partners of wasp sports entertainment company. I will continue to operate the Sherlock Hornets, take charge of all the decision-making matters of the team, and continue to be the president of the team, but progold and Sondheim are extremely valuable for the investment of the team.