The NBA’s Charlotte Hornets have a new owner

NBA legend Michael Jordan is promoting the Charlotte Hornets to a gaggle of traders led by Gabe Plotkin and Rick Schnall, the group introduced Friday. Phrases of the deal weren't disclosed. Except for Plotkin and Schnall, the group of traders embrace North Carolina rapper Jermaine "J. Cole" Cole and nation music singer Eric Church.Jordan has been …

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NBA legend Michael Jordan is promoting the Charlotte Hornets to a gaggle of traders led by Gabe Plotkin and Rick Schnall, the group introduced Friday. 

Phrases of the deal weren’t disclosed. Except for Plotkin and Schnall, the group of traders embrace North Carolina rapper Jermaine “J. Cole” Cole and nation music singer Eric Church.

Jordan has been the Hornets’ majority proprietor since 2010 and can stay a minority proprietor after the transaction, which should nonetheless be permitted by majority of league house owners.

It is a growing story.

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