Report: Michael Jordan sold his minority part of the Charlotte Hornets

Michael Jordan sold his minority share of the Charlotte Hornets, according to Darren Rovell of The Action Network. The valuation is at $1.5 billion.

Jordan bought the team back in 2009 based on a $280 million valuation (65% for $180M) and initially only put up $30 million cash.

It has been recently reported that Jordan agreed to sell a large piece of the Hornets.

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