Basketball icon, Michael Jordan has reached an agreement to sell his stake in the Charlotte Hornets.
The buyer group is unnamed but two of the members include North Carolina native and country music star Eric Church and fellow North Carolina native and hip-hop star J. Cole.
North Carolina natives J. Cole and Eric Church are now minority owners of their homestate team, per the Charlotte Hornets 🐝 🔥 pic.twitter.com/l7tjlvVIyk
— NBA on ESPN (@ESPNNBA) June 16, 2023
Church is a huge fan of North Carolina teams. This could be seen when he canceled a concert because the University of North Carolina men’s basketball team was in the NCAA Final Four.
When Jordan bought his minority stake in the team back in 2010, he paid roughly $275 million. The team now is valued at $1.7 billion dollars.
