Michael Jordan's sale of majority ownership of Hornets to Gabe Plotkin and Rick Schnall is finalized
The Charlotte Hornets say the sale of the majority stake in the franchise from six-time NBA champion Michael Jordan to Gabe Plotkin and Rick Schnall has been finalized CHARLOTTE, N.C. -- A new era has begun for the Charlotte Hornets, raising hope that one day the struggling franchise might turn things around. Gabe Plotkin and Rick Schnall officially acquired the majority stake of the Hornets from six-time NBA champion Michael Jordan on Thursday, bringing new thoughts and ideas on how to rebuild a franchise that hasn't been to the playoffs in the last seven seasons. Plotkin said he and Schnall plan to be “patient” NBA owners, but they are driven to build a winner in Charlotte. “We think ultimately this is a top-10 or top-15 franchise in the NBA in terms of attractiveness,” Plotkin said. “It's our job to produce winning basketball. Winning takes a lot of structure and it doesn't happen overnight. We'll try to position the business for success over the long term and try...