Michael Jordan is now finalizing the sale of the NBA’s Charlotte Hornets.
The 60-year-old retired basketball legend is selling his majority stake to a group led by Gabe Plotkin and Rick Schnall.
Michael has been the majority owner of the NBA team for thirteen years.
Keep reading to know more…Plotkin is currently a minority owner of the Hornets, and Schnall is a minority owner of the Atlanta Hawks.
They will become the governors of the franchise once the NBA completes its vetting and approval process, according to ESPN.
After the sale, Michael Jordan will retain a minority stake in the Charlotte Hornets. While under Michael’s ownership, the Hornets made the playoffs three times, losing in the first round each time.
Michael has been the only black majority owner in the NBA. He is considered the best basketball player of all time.
After the LA Lakers were knocked out of the playoffs this year, LeBron James shared that he is considering retiring.
Categories: Biography
Source: vcmp.edu.vn