Michael Jordan Sells Charlotte #Hornets To Group Including #JCole And Eric Church—As Team Is Now Worth 10x What He Paid For It. #HHUCIT

Michael Jordan sold his majority stake ownership of the Charlotte Hornets—the North Carolina NBA team he’s owned for more than a decade—to a group including a millionaire hedge fund manager and rapper J. Cole.

Jordan sold to a group led by Gabe Plotkin, a hedge fund founder who already owns a minority stake in the Hornets, and Rick Schnall, a private equity firm president who owns a minority stake in the Atlanta Hawks, the #NBA announced Friday. —@forbes