"Good that fraud doesn’t know how to run a franchise" - Hornets fans ecstatic after reports emerge that Michael Jordan is looking to sell the team

Chicago Bulls legend Michael Jordan has had a tumultuous tenure as owner of the Charlotte Hornets. Jordan became the majority owner of the franchise back in 2010. Since then, the Hornets have made the playoffs just twice, winning zero playoff series (3-8 total playoff record).

ESPN’s Adrian Wojnarowski reported on Thursday that Jordan is engaged in serious talks to sell his majority stake in the franchise. Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall were named as potential buyers.

Adrian Wojnarowski

@wojespn

ESPN Sources: Charlotte Hornets owner Michael Jordan is engaged in serious talks to sell a majority stake in the franchise to a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall.

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ESPN Sources: Charlotte Hornets owner Michael Jordan is engaged in serious talks to sell a majority stake in the franchise to a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall. https://t.co/jg03W25s49

Naturally, many Hornets fans were elated with the news as they took to Twitter to share their enthusiasm. Here are some of the top fan reactions:

優木せつ菜 🇦🇷

@nijigasakilove

@wojespn @ESPNNBA Good that fraud doesn’t know how to run a franchise

@wojespn @ESPNNBA Good that fraud doesn’t know how to run a franchise

Hard Rock Sportsbook

@HardRockSB

@wojespn The only thing Jordan has failed at

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@wojespn The only thing Jordan has failed at

Kaleb Earls

@K_Earls32

@wojespn Good. He’s done nothing for that team but drive them into the ground.

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@wojespn Good. He’s done nothing for that team but drive them into the ground.

Martino

@MartinoPuccio

@wojespn That was an underwhelming tenure to say the least

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@wojespn That was an underwhelming tenure to say the least

Matt Tarrant

@MattTarrant

@wojespn Yes please

@wojespn Yes please ❤️❤️❤️❤️❤️

V̷a̷t̷o̷r̷

@Vator_H_Town

@wojespn These when I knew MJ was done lmao

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@wojespn These when I knew MJ was done lmao https://t.co/UnOfA4NH57

TCL

@TitleTalkTCL

@wojespn MJ as an Owner

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@wojespn MJ as an Owner https://t.co/H4KjWPXLWx

ZILINSKI MID MASTER

@zilinski212

@wojespn Hornets fans seeing this

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@wojespn Hornets fans seeing this https://t.co/JdNsLOQXEY

Kory Waldron

@KWalHoops

@wojespn Hornets fans

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@wojespn Hornets fans https://t.co/pXdf6qUf4o

Michael Jordan is expected to remain a minority owner of the Charlotte Hornets

Chicago Bulls legend Michael Jordan

Despite fans’ excitement that Michael Jordan could sell his majority stake in the Charlotte Hornets, he is still expected to remain a minority owner, according to Wojnarowski.

So it doesn’t look like the Hornets will be completely rid of the Bulls legend just yet.

Regardless of what fans think, Jordan is still set to cash in massively on his investment in the team. Jordan paid $275 million for his majority stake in the franchise in 2010.

The Phoenix Suns just sold for a whopping $4 billion in December. Meanwhile, Forbes currently has the Hornets valued at $1.7 billion. So it looks like Jordan’s wealth is set to increase exponentially if a deal ultimately goes through.

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