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Sale Of Michael Jordan's Majority Stake In The Charlotte Hornets Reportedly Approved By NBA’s Board of Governors

According to sources, the NBA Board of Governors has reportedly approved Michael Jordan’s sale of his majority stake in the Charlotte Hornets to an ownership group led by Rick Schnall and Gabe Plotkin.

Samantha Dorisca

Jul 24, 2023

Michael Jordan Bought His Share Of The Charlotte Hornets For $275M In 2010 — He'll Make 11 Times His Investment If Approved

Michael Jordan could be involved in one of the most lucrative sales in sports history.

Samantha Dorisca

Jun 20, 2023

Michael Jordan Reportedly Agrees To Sell Stake In Charlotte Hornets To Ownership Group That Includes J. Cole

Big changes are being made in the sports world. Michael Jordan has reportedly agreed to sell his majority stake in the NBA’s Charlotte Hornets for $3 billion, according to ESPN.

Samantha Dorisca

Jun 16, 2023

Michael Jordan Rumored To Be 'In Talks' Of Selling His Majority Stake In Charlotte Hornets

Michael Jordan’s involvement in the league didn’t end when he walked off the court. After retirement, Jordan dreamed of owning a team. The journey to ownership led to his investment in the NBA’s Charlotte Hornets in 2006 when he became a minority shareholder. Later, in 2010, he purchased a majority stake in the team from Bob Johnson.

Samantha Dorisca

Mar 17, 2023

Married Couple Behind Smile Savvy Cosmetic Dentistry Is Now A Proud Partner Of The Charlotte Hornets

Say Cheese! Smile Savvy Cosmetic Dentistry has scored a partnership with the NBA’s Charlotte Hornets. According to Yahoo!News, the Black-owned practice — founded by Drs. Drew and Joya Lyons — became “the first and only Black-owned dental partner and one of the few Black-owned companies to have a partnership deal with the NBA.” View this post on Instagram A post shared by Veneers By Dr. Drew & Dr. Joya (@drdrewlyons_drjoyalyons) “We are proud to enter this partnership with Drs. Drew and Joya Lyons and their Charlotte-based, Black-owned business, Smile Savvy Cosmetic Dentistry,” Fred Whitfield, Hornets President & Vice Chairman, said in a statement. “We look forward to bringing them into our Hornets family and teaming with them to help share healthy smiles.” Under the partnership, Smile Savvy will obtain the rights to the purple and teal Hornet logo and marks. The dental practice will also have an exclusive series titled, “Smile Savvy Smile Watch” which will present sincere photos of...

Samantha Dorisca

Nov 3, 2021

Bubba Wallace, Michael Jordan, Denny Hamlin Team Up to Form NASCAR’s First Majority Black Team

Michael Jordan is taking his talents to NASCAR! Per ESPN, the former NBA superstar and Charlotte Hornets owner has teamed up with Denny Hamlin to form a NASCAR team with Bubba Wallace as the driver.  This makes the first time the franchise will have a  high-profile pair to make up a Black majority team owner and the only Black driver at NASCAR’s top level. Last night (Sept. 21) the partnership was announced via social media in posts by both Hamlin and Jordan. “Historically, NASCAR has struggled with diversity, and there have been few Black owners,” said Jordan in his statement. “The timing seemed perfect, as NASCAR is evolving and embracing social change more and more.” The move makes Jordan the first Black principal owner of a full-time Cup team since Hall of Famer Wendell Scott drove his own race car from 1961 to 1973. Scott’s victory in 1964 at the Jacksonville 200 is the only win by a Black driver in Cup history. According to ESPN , Hamlin, a top contender for this year’s Cup...

Shanique Yates

Sep 22, 2020

How Michael Jordan Became a Billion-Dollar Athlete

Michael Jordan is an immovable fixture in the sports pantheon, and by extension, the business world. On Sunday, April 19, ESPN will premiere “ The Last Dance ,” a 10-hour documentary that focuses on the icon’s final season (1997-98) with the Chicago Bulls. With never-before-seen footage, the series centers on Jordan’s role in one of the greatest dynasties in basketball history. As competitive as the greatest all-time player once was on the court, his off-court determination in business earned him the title as the highest-paid athlete of all time in 2017. Now, he is the first billionaire athlete with a $2.1 billion fortune, according to the Forbes list. Checks over stripes. Nike is Jordan’s longest and most recognizable endorsement deal. The relationship began in 1984 when the then-rookie and the sneaker conglomerate launched The Jordan Brand. As the legend goes, Jordan wanted to sign with adidas but ultimately signed with Phil Knight, co-founder of Nike. Following the first release...

Niki McGloster

Apr 16, 2020