Two well-known Wall Street investors with minority interests in the Charlotte Hornets are willing to sell some or all their shares in the NBA franchise, according to a report by New York-based SNY.
The investors, Gabe Plotkin and Daniel Sundheim, bought into the Hornets in 2019. Hornets Chairman Michael Jordan became majority owner of the team in 2010, when he paid $175 million to buy out Robert Johnson.
A Hornets spokesman declined comment on the SNY report and said that it is team policy not to comment on any potential transactions by minority investors.