NBA legend Michael Jordan has sold the Charlotte Hornets to a group led by Rick Schnall and Gabe Plotkin, ending his 17-year run at the helm of the franchise.
ESPN’s Adrian Wojnarowski reported on the news earlier today:
ESPN story on the NBA Board of Governors approving the Charlotte Hornets’ sale to new owners Rick Schnall and Gabe Plotkin: https://t.co/jFTqcOpBaj
— Adrian Wojnarowski (@wojespn) July 23, 2023
The NBA Board of Governors approved the sale by a vote of 29-1. Jordan first became part-owner in the summer of 2006, and bought a controlling interest in 2010 for $180 million.