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Michael Jordan Paid $180 Million For The Hornets In 2010, Could Sell It For Over $1.77 Billion

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Fadeaway World

By Aaron Abhishek Per Forbes, the Charlotte Hornets’ value as of October 22 stands at $1.7 billion. By the looks of it, Michael Jordan’s time as the Charlotte Hornet’s majority owner might be coming to a close. And while it at it, he may make a billion out of the move. The Charlotte Observer said that the Chicago Bulls legend is considering selling a major portion of the team to a group that includes the Hornets and Atlanta Hawks minority owners, Gabe Plotkin and Rick Schnall respectively. Jordan bought the team for $180 million in 2010, and the current value would see him earn a whopping $1.7…

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