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Jun
Brandon Sapienza, Amanda Albright, and Randall Williams Today 17:04 Michael Jordan will sell one majority stake in the Charlotte Hornets of the nba a group led by Gabe Plotkin and Rick Schnall for $3 billion, according to people familiar with the matter. The sale ends Jordan's 13 years as majority owner of the team, which he bought in 2010 for $275 million. The basketball legend will retain a minority stake in the Hornets following the deal, according to a statement Friday. The deal follows an outstanding 2022 sales of sports equipment and claims the NBA's status among the most profitable…