Michael Jordan is selling the Charlotte Hornets — and he stands to make billions
The outlet added that Plotkin and Schnall, who is also a minority owner of the Atlanta Hawks NBA team, will become governors when the sale is completed.
Jordan will still be in charge of basketball operations for Thursday's NBA draft and for the beginning of free agency on July 1, per ESPN. He'll also keep a minority stake in the team, the Hornets said. The six-time NBA champion is the only Black majority owner in the 30-team league.
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