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NEW YORK: Basketball legend Michael Jordan has agreed to sell his majority stake in the NBA’s Charlotte Hornets to an investment consortium, the team announced Friday. The buyer group is led by Gabe Plotkin, chief investment officer at Tallwoods Capital LLC and Rick Schnall, co-president of private equity firm Clayton, Dubilier & Rice. The group also includes musicians J.
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Michael Jordan is finalizing a deal to sell the majority share of the Charlotte Hornets, the franchise announced Friday, leaving the 30-team NBA without any Black majority ownership.
Six-time NBA champion Michael Jordan has reached a deal to sell his majority stake in the Charlotte Hornets, the team said on Friday (Jun 16), ending his 13-year run in charge of the team.
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DENVER — Victor Wembanyama's NBA summer debut might come in Sacramento.
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