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Posts tagged as “Michael Jordan”

Michael Jordan Sells Majority Ownership of Charlotte Hornets to Group of Investors Led by Gabe Plotkin and Rick Schnall

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.