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Michael Jordan selling majority share of Charlotte Hornets

CBS News Live
CBS News Chicago Live

CHICAGO (CBS) -- After 13 years as the owner of the Charlotte Hornets, Michael Jordan is selling his majority share of the team.

Jordan paid $275 million for his majority share of the team in 2010. The sale price wasn't announced but published reports list it as $3 billion.

The six-time NBA champ will keep a minority stake in the team. In related news, Jordan's "flu game" shoes from game five of the NBA finals just sold at auction for $1.3 million.

#BREAKING: Michael Jordan is selling the Charlotte Hornets

Posted by CBS Sports on Friday, June 16, 2023
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