The NBA’s board of governors approved the sale of the Charlotte Hornets, which clears a major step in ending Michael Jordan’s 13-year stint as majority owner of the franchise, ESPN reported Sunday. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COMJordan paid $275 million for the majority stake of the Hornets in 2010, and to date, he has been the league’s only Black majority owner. MICHAEL JORDAN TO SELL MAJORITY SHARE OF CHARLOTTE HORNETS AFTER 13 SEASONSJordan knows Plotkin, who was a minority owner of the Hornets. He will remain a minority stakeholder in the Hornets, while Plotkin and Schnall assume the role as the franchise’s governors. They went 423-600 in 13 seasons under their majority owner, which ranks 26th out of 30 in the same span.

Source: Fox News July 24, 2023 03:27 UTC