Michael Jordan Sells Majority Stake in Charlotte Hornets

Michael Jordan is stepping down as the Charlotte Hornets' majority owner after finalizing the sale of the team for nearly $3 billion USD, ESPN reports. A group led by Gabe Plotkin, a minority owner of the Atlanta Hawks, and Rick Schnall, a minority owner of the Hornets, are set to take over the franchise in the coming days, following the completion of all NBA official vetting and approval processes.Back in March, it was reported that Jordan was in talks to sell his stake in the team, which is no...