CHARLOTTE, N.C. — Michael Jordan, the greatest basketball player the game has ever seen, soon will no longer own the Charlotte Hornets.
Symbolically, it sounds very important. Realistically, it’s not as significant as it appears.
The team announced Friday that Jordan is finalizing a sale of his majority stake in the Hornets, to an ownership group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall. Jordan will, however, oversee the basketball operations through next Thursday’s NBA draft — the Hornets hold the No. 2 overall pick — and the beginning of the free agency period July 1. Jordan will keep a minority stake in the Hornets. Among the new investors in the Hornets will be recording artists J. Cole and Eric Church, the Hornets said in a news release confirming the sale.
