Skip to Search Skip to Live Player Skip to Content Skip to Footer

Michael Jordan Sells Majority Hornets Stake For $3 Billion

Author Vonyetta
Michael Jordan sells majority stake of Charlotte Hornets

The Charlotte Hornets majority was owned by Michael Jordan, but that is no more. Jordan has sold his majority stake for $3 Billion.

The majority ownership was sold to “The Buyer Group”. One of those members is Gabe Plotkin. He actually was a minority owner in the Hornets as well as the Atlanta Hawks. This is all according to NBA.com. He apparently is going to allegedly sell his minority stake in the Hawks. The Hornets made the official announcement today.

As you can see from the announcement, Jordan will retain a minority stake in the team. J. Cole is part of this group which now makes him part owner of the team once approved.

Celebrities Who Own NBA Teams

When many of us were kids, we dreamed of growing up to play professional sports. The percentage of people who actually end up doing that is minuscule. Some folks who still want to be heavily involved in sports as adults go into team management, coaching, or sportscasting. And a fortunate few become team owners.

Several celebrities who love basketball have put their money where their hearts are to own at least a piece of an NBA team. While Charlotte Hornets owner Michael Jordan is certainly a celebrity, he’s not on this list from Essentially Sports. That’s probably because he’s been involved in the business of basketball for most of his adult life. Well, we’re including him below because we like Mike!

Celebrities Who Own NBA Teams

Whether it's radio or TV, there is someone needed who can add the bang for the buck! Vonyetta is double that bang. Having held the spot as the #1 midday personality in the Charlotte market landed her awards for “Favorite Midday Personality” in 2014 and “Best Midday Show” in 2016 for the “Best In The City Awards.” Besides spending time with family, Vonyetta enjoys writing about things happening in the black community of Charlotte. From things going on in your neighborhoods to HBCU news, she keeps listeners engaged and informed.

Sign me up for the Power 98 email newsletter!

Become a Power 98 VIP Member and never miss out on any of the fun! Get exclusive access to contests, music news, tour announcements, and MORE! You don't want to miss out on this!

*
*
By clicking "Subscribe" I agree to the website's terms of Service and Privacy Policy. I understand I can unsubscribe at any time.
Author Vonyetta
Category:

More Vonyetta

Load More