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.
Khristopher J. Brooks
Khristopher J. Brooks is a reporter for CBS MoneyWatch masking enterprise, shopper and monetary tales that vary from financial inequality and housing points to bankruptcies and the enterprise of sports activities.
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