Michael Jordan is officially no longer the majority owner of the Charlotte Hornets. The sale of his stake to a group led by Rick Schnall and Gabe Plotkin was finalized Thursday, with the NBA legend and North Carolina native retaining a minority share going forward.
On his way out, Jordan sent the City of Charlotte an open letter thanking them for their support over the years, and promising this wouldn't be the last they'd see of him.
Thirteen years ago, I had the honor of becoming the majority owner of the Charlotte Hornets.