sorces; Michael Jordan agrees to sell Hornets stake for $3 B
Once the sale is complete, Jordan will keep a minority stake and maintain a presence with the franchise. After a 27-55 season riddled with injuries to most of the team's top players, the Hornets hold the No. 2 pick in the draft.
sorces; Michael Jordan agrees to sell Hornets stake for $3 B
Once the sale is complete, Jordan will keep a minority stake and maintain a presence with the franchise. After a 27-55 season riddled with injuries to most of the team's top players, the Hornets hold the No. 2 pick in the draft.
NBA's board of goveneos approve sale of Hornets, sources say
The NBA's board of governors approved the sale of the Charlotte Hornets to a group led by Rick Schnall and Gabe Plotkin, clearing the way to end Michael Jordan's 13-year run as majority owner, sources told ESPN on Sunday. The BOG vote was 29-1 to approve the sale -- with New York Knicks owner James Dolan registering the lone vote against, sources said.