Michael Jordan to Sell Majority Stake in Charlotte Hornets
Briefly

Michael Jordan, the owner of the Charlotte Hornets and one of the most storied athletes in sports history, has agreed to sell his majority share in the team to a group led by Gabe Plotkin and Rick Schnall, two private equity investors.The team as a whole was valued at $3 billion, according to a person familiar with the details of the agreement but not authorized to discuss them publicly.
Read at www.nytimes.com
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