Michael Jordan sells majority stake in Charlotte Hornets for $3B.
TL;DR Summary
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.
- Michael Jordan finalizes sale of Charlotte Hornets WSOC Charlotte
- Sources - Michael Jordan agrees to sell Hornets stake for $3B - ESPN ESPN
- Michael Jordan selling Charlotte Hornets after 13 years as majority owner Yahoo Sports
- North Carolina Native Eric Church Part Of New Charlotte Hornets Ownership Group Whiskey Riff
- Michael Jordan reaches agreement to sell majority stake in NBA’s Charlotte Hornets CNN
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