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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
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.
