A fresh owner emerges for the NBA’s Charlotte Hornets

Former NBA legend Michael Jordan has recently announced the sale of the Charlotte Hornets to a group of investors led by Gabe Plotkin and Rick Schnall. The terms of the deal have not been disclosed, but it is reported that the Hornets have a valuation of $3 billion. Other investors in the group include rapper …

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Majority Stake in the Charlotte Hornets Being Sold by Michael Jordan

Charlotte Hornets owner Michael Jordan provided a response during a news conference at Spectrum Center in Charlotte, North Carolina, on October 28, 2014. Jeff Siner | Tribune News Service | Getty Images Renowned basketball icon Michael Jordan has reached an agreement to sell his majority stake in the Charlotte Hornets of the National Basketball Association …

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