Michael Jordan Selling Majority Ownership of Charlotte Hornets

Michael Jordan Selling Majority Ownership of Charlotte Hornets
NBA hall of famer and Charlotte Hornets owner Michael Jordan walks off the court during the NBA All-Star Game 2016 at the Air Canada Centre in Toronto, Ontario, on Feb. 14, 2016. Elsa/Getty Images
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Former basketball star Michael Jordan has reached a deal to sell his majority share of the Charlotte Hornets to an investment group led by Gabe Plotkin and Rick Schnall, the franchise announced Friday.

In a press release, the NBA confirmed Jordan will keep a minority ownership stake with the Hornets once the transfer is completed.
Lorenz Duchamps
Lorenz Duchamps
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Lorenz Duchamps is a news writer for NTD, The Epoch Times’ sister media, focusing primarily on the United States, world, and entertainment news.
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