After agreeing to sell his shares in the Charlotte Hornets for $3 billion, NBA legend Michael Jordan will earn a $2 billion profit, surpassing the $1.8 billion he has made with Nike over 40 years.
Jordan agreed to sell his majority stake in the team last Friday, ending a 13-year tenure as the team's owner. The sale is the seventh most-expensive sale price ever in sports franchise history, with six of the top seven deals happening within the last four years.
Details surrounding the sale confirm that Jordan will keep a minority stake in the team after the deal is approved, while reports have stated that the former owner will still have a say in who the team selects in the upcoming NBA Draft.
