Michael Jordan to sell majority stake in NBA’s Charlotte Hornets: team

New York: Basketball legend Michael Jordan has agreed to sell his majority stake in the NBA̵7;s Charlotte Hornets to an investment consortium, the team announced on Friday. The buyer group is led by Gabe Plotkin, chief investment officer of Tallwoods Capital LLC, and Rick Schnall, co-chairman of private equity firm Clayton, Dubilier & Rice. Musicians in the group J. Cole and Eric Church are also involved, said a press release from Hornets Sports & Entertainment that did not disclose financial terms.