Michael Jordan’s 13-year run as majority owner of the Charlotte Hornets is set to come to an end as the NBA board of governors approved an ownership shakeup, ESPN reported
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Jordan will remain on board with a minority stake in the franchise, with Rick Schnall and Gabe Plotkin taking over as the franchise’s governors. Schnall had been a minority owner of the Atlanta Hawks, while Plotkin was minority owner of the Hornets
Jordan, a six-time NBA champion and five-time MVP, became majority of owner of the Hornets in 2010 when he paid $275 million. When the current sale of the Hornets officially is executed at some point next month, it will come at a price tag of $3 billion
Jordan grew up in Wilmington, N.C., and attended North Carolina where he helped the Tar Heels to the 1982 NCAA title as a freshman. He played 13 seasons with the Chicago Bulls after he was the No. 3 overall draft pick in 1984 and played his final two seasons with the Washington Wizards after a three-year retirement.
–Field Level Media
