New York City Comptroller Brad Lander hosted a disability justice roundtable earlier this week at his office in 1 Centre Street to address accessibility concerns in New York City. The inaugural roundtable brought advocates and organizations together to discuss the various intersectional adversities faced within disability communities. “As the City’s Chief Accountability Officer, our office must…
By Upgraded Points Having a strong credit score is a fundamental pillar of financial well-being. Making a major life purchase sometimes requires a loan or a line of credit, and in hard times, credit can be a bridge to help make ends meet. A good credit score can often help borrowers secure more favorable interest…
Are you someone who is never handy with tools and not sure where to start when it comes to taking on a project around the house? Finding yourself in scenarios like this can be overwhelming, but don’t worry! Identifying what tools and materials you need ahead of time can make all the difference. Understanding different…
New York City Mayor Eric Adams and New York City Department of Buildings (DOB) Commissioner Jimmy Oddo today unveiled “Get Sheds Down.” A sweeping overhaul of rules governing sidewalk construction sheds and scaffolding that will remove these eyesores from city streets more quickly while redesigning and reimagining those that are needed. These sheds, sometimes called…
CHARLOTTE, N.C. (AP) — The NBA Board of Governors has voted to approve Michael Jordan’s sale of the Charlotte Hornets to an ownership group led by Gabe Plotkin and Rick Schnall, according to a person familiar with the situation.
The person spoke to The Associated Press on Sunday on condition of anonymity because the sale won’t become official for at least another week.
The decision ends Jordan’s 13-year run as majority owner of the franchise. He will remain on as a minority owner.
Jordan agreed to sell the team on June 16. However, when an NBA owner decides to sell it first must be approved by the league’s Board of Governors.
Jordan’s decision to sell leaves the NBA without a Black majority owner.
Plotkin has been a minority stakeholder with the Hornets since 2019, while Schnall has been a minority owner of the Atlanta Hawks since 2015. He has been forced to sell his investment in that team.
The sale price is reportedly around $3 billion, according to ESPN.
As an owner Jordan never came close to matching his success as a player, where he won six NBA titles with the Chicago Bulls while becoming one of the game’s greatest players ever.
Charlotte went 423-600 under Jordan, the 26th-best record over that span.
The Hornets never won a playoff series in that time and haven’t been to the postseason in the past seven seasons.
The owner members of the Hornets new ownership group include artist J. Cole, Dan Sundheim, Ian Loring, country music singer-songwriter Eric Church, Chris Shumway and several local Charlotte investors, including Amy Levine Dawson and Damian Mills.
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