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Michael Jordan Selling Majority Ownership Of Charlotte Hornets

Jordan will retain minority ownership.

Brock Williams-Smith / NBAE via Getty Images file

Basketball legend Michael Jordan is selling his majority ownership of the Charlotte Hornets, the team announced on Friday.

Jordan will retain minority ownership but is selling his majority ownership to an investment group led by Gabe Plotkin and Rick Schnall.

Jordan secured a majority stake in the Hornets in 2010 for $275 million.

Plotkin acquired a minority stake in the Hornets in 2019, the team said. Schnall is co-president of Clayton, Dubilier & Rice LLC and has been a minority owner of the Atlanta Hawks and an alternate governor on the NBA Board of Governors since 2015.

Jordan is one of the greatest professional athletes in the world, winning six championships with the Chicago Bulls and six NBA Finals MVP awards.

Stephen Anderson
Written By

Stephen Michael is a Political Correspondent based in the United States. He has reached a global audience with his coverage of the 2020 Election and Trump White House. Michael joins Forward Axis News after spending time with the Project Spurs Network since 2014 and covering reality TV in the UK, Australia, and Canada.

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