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The Latest Breaking News from Rick Schnall

Mitch Kupchak stepping down as Hornets president; search for replacement underway

Charlotte Hornets president of basketball operations Mitch Kupchak is stepping down, paving the way for a new head of basketball operations to be hired. Th...

Top News

Michael Jordan Shares Statement on Official Sale of Hornets, New Role With Team

The team officially introduced its new owners in a press conference on Thursday.

Sports Illustrated

Michael Jordan’s sale of the Charlotte Hornets gets NBA approval

The decision ends Jordan’s 13-year run as majority owner of the franchise. He will remain on as a minority owner.

Chicago Sun-Times

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NBA Board of Governors Approves Hornets Sale, per Report

The move, expected to be done in one to two weeks, ends Michael Jordan’s tenure as majority owner.

Sports Illustrated

Big Finance is taking over Big Sports. From Josh Harris to Steve Cohen to David Blitzer, here are the 120 ‘alt’ power players entering the field of play

An analysis by Fortune shows that roughly 120 private equity, VC, and hedge fund execs have amassed stakes in big-time sports franchises.

Fortune

Five burning questions after Michael Jordan’s sale of his majority stake in the Hornets

It’s not like it caught anyone off guard, given there had been rumblings about it happening for months.

Tribune News Service

Timeline: Looking back on Michael Jordan’s tenure as Hornets owner

CHARLOTTE, N.C. — One of the most famous athletes to come out of North Carolina is selling one of the state’s premier sports franchises.

Tribune News Service

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Michael Jordan selling majority stake in Hornets

CHARLOTTE, N.C. — Michael Jordan’s tenure as the majority owner of the Charlotte Hornets is coming to an end.

Tribune News Service

Michael Jordan selling majority stake in Charlotte Hornets

Jordan will retain a minority stake in the team.

Axios

The 10 most notable moments (both good and bad!) from Michael Jordan’s stint as the Hornets owner

Here's the best and worst of Michael Jordan as the Hornets' principal owner

USA Today Sports Media Group

Michael Jordan will sell his majority ownership stake in the Hornets

Jordan is selling to a group led by Gabe Plotkin and Rick Schnall, the Hornets said. Plotkin has been a minority stakeholder in the Hornets since 2019.

Chicago Sun-Times

Michael Jordan selling majority ownership stake in Charlotte Hornets

Michael Jordan is finalizing a deal to sell the majority share of the Charlotte Hornets, a move that will end his 13-year run overseeing the organization, the team announced Friday

The Independent UK

NBA Fans Have Plenty to Say About Friday’s Michael Jordan Hornets News

The NBA legend plans to step aside after 13 years as Charlotte’s majority owner.

Sports Illustrated

Michael Jordan finalising Charlotte Hornets sale as NBA legend to secure huge sum

NBA legend Michael Jordan is set to make a massive profit on the Charlotte Hornets, with the 60-year-old finalising a sale of the franchise after 13 years of ownership

Daily Mirror

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Tribune News Service

Not so fast: Is Michael Jordan really selling his stake in the Charlotte Hornets?

Less than a week after a report surfaced that Michael Jordan was in serious talks to sell a large part of his stake in the Charlotte Hornets to a group that includes Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall, Jordan’s family office cast doubt on…

Daily Mirror

Michael Jordan has obscene net worth as NBA legend prepares to sell Charlotte Hornets stake

Michael Jordan's obscene net worth has been revealed with the NBA legend set to make a hefty profit on his Charlotte Hornets stake with a sale on the cards this year, ending 13 years of ownership

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