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June 16, 2023
Months after we reported that Michael Jordan was in talks to sell the Charlotte Hornets, ESPN is reporting Friday that the sale of the NBA team has been finalized.
June 16, 2023
The Michael Jordan Era in Charlotte is coming to a close.
June 16, 2023
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.
June 16, 2023
Basketball legend Michael Jordan will sell his majority stake in the NBA's Charlotte Hornets to an investment consortium, the team announced Friday.Jordan acquired a controlling investment in the Hornets in 2010.
June 16, 2023
Michael Jordan bought the Hornets from Bob Johnson in 2010 for $180 million.
June 16, 2023
Jordan to Retain Minority Share; Transaction Subject to NBA Board of Governors Approval
June 16, 2023
Jordan will remain a minority owner with the team.
June 16, 2023
Jordan was a PR and business success as the Hornets’ owner. But the on-court product usually ranged from mediocre to awful.
June 16, 2023
Jordan bought the team for $180 million, but it is now valued around $1.7 billion.
June 16, 2023
Unionized UPS workers vote to authorize a strike in high-stakes negotiations for a new contract