Michael Jordan Selling Majority Ownership Stake In Charlotte Hornets
June 16, 2023 9:21AM PDT
Credit: MGN
CHARLOTTE, N.C. (AP) — Michael Jordan is finalizing a deal to sell the majority share of the Charlotte Hornets, a move that will end his 13-year run overseeing the organization, the team announced Friday.
Jordan is selling to a group led by Gabe Plotkin and Rick Schnall, the Hornets said.
Plotkin has been a minority stakeholder in the Hornets since 2019.
Schnall has been a minority owner of the Atlanta Hawks since 2015 and is in the process of selling his investment in that team.
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