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Michael Jordan sells majority stake in Charlotte Hornets for $3B.

1 min read
Source: WSOC Charlotte
Michael Jordan sells majority stake in Charlotte Hornets for $3B.
Photo: WSOC Charlotte
TL;DR

Michael Jordan has finalized the sale of the Charlotte Hornets to a group led by Gabe Plotkin and Rick Schnall. Jordan, who was the league's only Black majority owner, will keep a minority stake in the team. The buying team also includes J. Cole and Eric Church. Under Jordan's leadership, the team has never seen a playoff series win, and it has the fifth-worst record in the league. Fans hope new ownership will bring new life to the team.

Topics:sports#charlotte-hornets#gabe-plotkin#michael-jordan#nba#rick-schnall#sports
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  1. Michael Jordan finalizes sale of Charlotte Hornets  WSOC Charlotte
  2. Sources - Michael Jordan agrees to sell Hornets stake for $3B - ESPN  ESPN
  3. Michael Jordan selling Charlotte Hornets after 13 years as majority owner  Yahoo Sports
  4. North Carolina Native Eric Church Part Of New Charlotte Hornets Ownership Group  Whiskey Riff
  5. Michael Jordan reaches agreement to sell majority stake in NBA’s Charlotte Hornets  CNN

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