Michael Jordan to sell majority stake in Hornets
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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Sources - Michael Jordan sells Hornets majority stake for $3B - ESPN
Michael Jordan has agreed to sell his majority stake in the Charlotte Hornets to a group led by Gabe Plotkin and Rick Schnall for an approximate $3 billion valuation, according to league sources. The transaction ends Jordan's 13-year run as majority owner.
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