Michael Jordan has confirmed to CNBC that he is selling his majority ownership of the Charlotte Hornets to a group of investors led by Gabe Plotkin and Rick Schnall. Jordan will remain a minority owner after the transaction, but the deal must still be approved by a majority of league owners before it can be finalized. Jordan's decision to sell his majority stake in the Hornets is a sign of his commitment to the team's future success and his legacy will continue to be felt in the city of Charlotte.
Posts tagged as “Hornet & Yellow Jacket”
Peter Moloney, a Long Island business owner, was arrested by the FBI on Wednesday and charged with eight counts in connection with the Jan. 6 attack on the U.S. Capitol. He is accused of spraying insecticide at police officers and targeting members of the news media, and is facing up to 10 years in prison if convicted. The FBI has charged more than 300 individuals in connection with the attack and is seeking more information.