NBA: Michael Jordan Bringing In Partners To Help Modernize Charlotte Hornets

Michael Jordan may have finally realized that the Charlotte Hornets may need a boost if it wants to stay abreast with other NBA teams. The NBA Legend has reportedly sold a large chunk of the Hornets with the intent of adding new ideas and modernization for the benefit of the franchise. Jordan will remain the primary owner of the Hornets.

Whenever a team brings in additional owners, the move would send out different impressions. Some may say that Jordan maybe slowly giving up on the Hornets and divert his money into something else. But in the case of the Hornets, that is not the case. It is all about improving the franchise and making sure that it remains abreast especially in terms of technology, The Charlotte Observer reported.

Once approved by the NBA, the new part owners will be Gabe Plotkin and Daniel Sundheim. Plotkin is a founder of Melvin Capital while Sundheim is a founder DI Capital. Details on how much both are investing on the franchise have not been divulged.

“While I will continue to run the Charlotte Hornets, make all decisions related to the team and organization, and remain the team’s NBA Governor, Gabe and Dan’s investment in the team is invaluable,” Jordan said in a statement released by the Hornets. “Gabe and Dan are industry standard-setters and proven leaders, with a belief in philanthropy and a passion for basketball. They share my commitment to Charlotte and the Carolinas.”

Jordan originally paid Bob Johnson $180 million back in 2010 to own a majority stake of the Hornets franchise, Hornets.com reported. Despite the coming of Plotkin and Sunheim, Jordan reportedly plans to be the primary owner "for a long time."

The Hornets will be entering the 2019-20 NBA season with plenty of questions hanging. Kemba Walker, a player who suited up for the Bobcats since 2011, is no longer around. The 29-year-old guard is now with the Boston Celtics following a trade that involved Terry Rozier. They will also try to see if head coach James Borrego, who replaced Steve Clifford in May, can do better.

Last season, the Hornets finished with a 39-43 win-loss record in the Eastern Conference and missed the playoffs. It remains to be seen if Borrego can steer the franchise to a better performance this season.