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☆ Michael Jordan is selling the Charlotte Hornets — and he stands to make billions
▼ + stars: | 2023-06-17 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Michael Jordan has agreed to sell his majority stake in his NBA team the Charlotte Hornets. The Hornets are valued at $3 billion, per ESPN — more than 10 times the sum Jordan paid in 2010. Michael Jordan could bag a billion-dollar windfall after he agreed to sell his NBA team for what's likely be a huge premium on the price he paid 13 years ago. Jordan previously sold a minority stake in the Hornets to Plotkin, who is the founder of investment firm Tallwoods Capital, and Daniel Sundheim in 2019. Rapper J. Cole is also part of the group that will buy Jordan's majority stake, the Hornets said.

Persons: Michael Jordan, Gabe Plotkin, Rick Schnall, Jordan, Plotkin, Daniel Sundheim, J, Cole, Schnall, He'll, Air Jordan Organizations: NBA, Charlotte Hornets, Hornets, ESPN, Morning, Tallwoods Capital, Charlotte Bobcats, Atlanta Hawks NBA, Nike, Air, Forbes Locations: Forbes

☆ Michael Jordan Agrees to Sell Majority Stake in Charlotte Hornets
▼ + stars: | 2023-06-16 | by ( Robert O Connell | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/sports/basketball/michael-jordan-charlotte-hornets-sale-gabe-plotkin-rick-schnall-8c9fd02b

Persons: Dow Jones, michael, jordan, gabe, plotkin, rick Organizations: charlotte

☆ Michael Jordan is selling his majority stake in the Charlotte Hornets
▼ + stars: | 2023-06-16 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Charlotte Hornets owner Michael Jordan responds to a question during a news conference at Spectrum Center in Charlotte, North Carolina, Oct. 28, 2014. Basketball legend Michael Jordan has agreed to sell his majority stake in the National Basketball Association's Charlotte Hornets to wealthy investors Gabe Plotkin and Rick Schnall, a representative for Jordan confirmed Friday. Jordan took a majority stake in the Hornets in 2010 for $275 million. Under the ownership of the six-time NBA champion Jordan, the Hornets have struggled, only making the playoffs two times. Plotkin acquired a minority stake in the Hornets in 2019 and has served as an alternate governor on the NBA Board of Governors.

Persons: Charlotte, Michael Jordan, Basketball Association's Charlotte, Gabe Plotkin, Rick Schnall, Jordan, Plotkin, Schnall, Clayton, Dan Sundheim, J, Cole, Eric Church Organizations: Charlotte Hornets, Spectrum Center, Basketball Association's, Basketball Association's Charlotte Hornets, Hornets, NBA, of Governors, Tallwoods, NBA's Atlanta Hawks, Hawks, D1, North Carolina, Hornets Sports & Entertainment, G League, Greensboro Swarm, Spectrum, Forbes Locations: Charlotte , North Carolina, Dubilier

☆ Michael Jordan's big pay day from Hornets sale 'is more about the NBA as a whole': Joe Pompliano
▼ + stars: | 2023-06-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMichael Jordan's big pay day from Hornets sale 'is more about the NBA as a whole': Joe PomplianoJoe Pompliano, sports business analyst, joins 'Last Call' to discuss Michael Jordan's decision to sell his majority stake in the Charlotte Hornets.

Persons: Michael Jordan's, Joe Pompliano Joe Pompliano Organizations: Hornets, NBA, Charlotte Hornets

☆ Michael Jordan to Sell Majority Stake in Charlotte Hornets
▼ + stars: | 2023-06-16 | by ( Sopan Deb | ) www.nytimes.com time to read: +1 min

Michael Jordan, the owner of the Charlotte Hornets and one of the most storied athletes in sports history, has agreed to sell his majority share in the team to a group led by Gabe Plotkin and Rick Schnall, two private equity investors. The team, in its announcement of the sale, did not disclose what percentage of his stake Jordan would sell, but said he would remain a minority investor. Jordan, a North Carolina native, first purchased the team in 2010 for $275 million, when it was known as the Bobcats. The acquiring group also includes the country music star Eric Church and the rapper J. Cole, both of whom are from North Carolina. Jordan won six championships with the Chicago Bulls in the 1990s and is considered by many to be the greatest basketball player ever.

Persons: Michael Jordan, Gabe Plotkin, Rick Schnall, Jordan, Eric Church, J, Cole Organizations: Charlotte Hornets, Bobcats, Chicago Bulls Locations: North Carolina

☆ Ukraine’s cross-border tactics are aimed at destabilizing Russia. Judging by the response, they’re working
▼ + stars: | 2023-06-02 | by ( Sam Kiley | ) edition.cnn.com time to read: +8 min

The operations of Russian citizens, carrying Ukrainian military ID, wearing Ukrainian uniforms and attacking from Ukraine, remain officially opaque. Back then, “Little Green Men” in peculiar two-tone sport-hunting uniforms – and Russian military fatigues – appeared in Crimea. The Russian Volunteer Corps and the Freedom for Russia Legion – which fall under Ukraine’s Defence Intelligence structure – have been conducting short cross-border raids into Russia. Russia rattledIn Ukraine, it suits Kyiv to have Russians invade Russia on its behalf. Previous days with all the shelling - there was almost no response, no (Russian) military.

Persons: coy, what’s, “, fatigues –, Vladimir Putin, Moscow, Sergey Bobok, for Russia Legion –, –, Putin, it’s, ”, ” Putin, Prigozhin, Wagner, “ Wagner, Yulia Morozova, you’ve, ” Dmitry Medvedev, Medvedev, Vyacheslav Gladkov, Shebekino Organizations: CNN, Fighters, Russian Volunteer Corps, of Russia Legion, Getty, for Russia Legion, Ukraine’s Defence Intelligence, Frontline, Kremlin, Russian, Russian Federation, “ Wagner PMC, Russia, Kyiv, Reuters, Russian Telegram Locations: Ukraine, Russia, Crimea, Simferopol, Soviet, AFP, South, Angola, Zambia, Zimbabwe, Mozambique, Pretoria, destabilization, Belgorod –, Moscow, Kursk, Smelensk, Russian, St Petersburg, Soviet Union, Belgorod, Shebekino, “

☆ Scottie Pippen: Michael Jordan was 'horrible player' and 'horrible to play with,' says former Chicago Bulls teammate
▼ + stars: | 2023-05-30 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

In fact, the only two years the Bulls didn’t win the title was when Michael Jordan tried his hand at baseball. However, speaking on his former Bulls teammate Stacey King’s podcast ‘Gimme the Hot Sauce’ on Friday, Pippen described Jordan as a “horrible player.”“I’ve seen Michael Jordan play before I came to the Bulls. “Michael Jordan was the greatest to ever put on shoes and play in our game. The way LeBron James plays, Michael Jordan was never asked to play that way because I took that away from him. “And there’s no game that I would ever play in and pick LeBron James over Michael Jordan.

☆ World Bee Day 2023: 6 surprising things about bees
▼ + stars: | 2023-05-20 | by ( Katie Hunt | ) edition.cnn.com time to read: +5 min

Unfortunately, many bee species are under threat as a result of changes in land use, pesticides, intensive agriculture and climate change — but there are steps you can take to help them thrive. In honor of World Bee Day on May 20, here are six surprising things you might not know about nature’s hardest-working pollinators. “It marks the first report of honey bees of any species foraging for materials that are not derived from plants or water-based fluids. It is also the first clear-cut example of honey bees using a tool in nature.”Honeybees also signal an imminent attack by making a chilling warning noise. Bees are seen on a honeycomb cell at the Urban Bee Hive rooftop site in Woolloomooloo, a suburb of Sydney.

☆ San Antonio Spurs Get the No. 1 Pick in the N.B.A. Draft Lottery
▼ + stars: | 2023-05-16 | by ( Sopan Deb | ) www.nytimes.com time to read: +2 min

He plays for Metropolitans 92, a professional French league team, where he is averaging 21.6 points and 10.5 rebounds per game. G League hosted his team for a two-game exhibition near Las Vegas in October, and the N.B.A. The draft order is decided by a lottery that grants teams with worse regular-season records better odds for the No. This system has led to teams being accused of tanking — not prioritizing winning to position themselves for high draft picks. The three teams with the best chance — 14 percent — to get the top pick this year were the Detroit Pistons, the Houston Rockets and the San Antonio Spurs.

The Ukrainian president cited prior examples of battlefield successes that were followed by Ukraine being granted new types of military aid. I would rather it was the other way round, as it would be easier for us, but it is like it is, and we are grateful for everything," the Ukrainian president said. "But we like your aircraft, just so you know Mr President," Zelenskiy quipped. "We need security guarantees today, while we are not in NATO," Zelenskiy said. A spokesperson for Zelenskiy in a statement said the Ukrainian government expected the summit to result in a joint statement.

☆ N.B.A. Commissioner Adam Silver Defends Bridges Suspension
▼ + stars: | 2023-04-25 | by ( Shauntel Lowe | ) www.nytimes.com time to read: +1 min

Commissioner Adam Silver on Tuesday defended the unusual disciplinary approach for forward Miles Bridges, who was suspended for 30 games for domestic violence but will miss just 10 games in which he is eligible to play. He pleaded no contest to a felony domestic violence charge in November, but it wasn’t until April 14, after a league investigation, that the N.B.A. announced his punishment: a 30-game suspension, with credit for 20 games because he did not play this season. On Tuesday, Silver said the league and Bridges had a “mutual agreement” that he would not play during the 2022-23 season — though Silver was careful to say that Bridges was not suspended. Silver said crediting Bridges for 20 games toward the penalty seemed like the right thing to do because he missed a year of income and N.B.A.

☆ Former Hornets forward Bridges suspended 30 games for domestic violence
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +1 min

April 14 (Reuters) - The National Basketball Association (NBA) has suspended former Charlotte Hornets forward Miles Bridges 30 games without pay as a result of a domestic violence incident involving the mother of his children, the league said on Friday. The incident occurred last June in Los Angeles, after which Bridges was arrested and charged with multiple offenses. Bridges entered a plea of no contest to a felony domestic violence charge and the remaining counts against him were dismissed. Following his arrest and plea, Bridges did not sign an NBA contract for the ongoing 2022-23 season, missing all 82 games. The NBA conducted its own investigation, interviewing Bridges, the mother of his children, numerous third-party witnesses and also consulted with domestic violence experts.

☆ The US Navy's Super Hornets are having trouble keeping up with the rest of the military's fighter jets
▼ + stars: | 2023-04-12 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

F/A-18E/F Super Hornets have mostly replaced F/A-18 Hornets as the US Navy's carrier-based fighters. The Super Hornet — which includes the single-seat F/A-18E and the two-seat F/A-18F — made its maiden flight in 1995. Super Hornet availability is now about 41% compared to about 26% for the Hornet, whose readiness dropped sharply at about the 25-year mark. But the CBO asked a more specific question: How did Hornets compare to Super Hornets at a similar age? Was the discrepancy caused by Super Hornets flying more hours than Hornets?

☆ NBA roundup: Warriors hang 157 on Blazers, glide into playoffs
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +12 min

Shaedon Sharpe added 18 points to go with a team-high seven rebounds, while Jeenathan Williams had 17 points for Portland. New Orleans' Brandon Ingram had 42 points and 12 rebounds, CJ McCollum scored 23 points and Trey Murphy III had 20. Lindell Wigginton scored 17 points and Bobby Portis had 16 for the Bucks. Jaden Hardy led all scorers with 25 points, with Theo Pinson forging a triple-double (23 points, 13 rebounds, 12 assists) for the Mavericks. De'Aaron Fox, who scored 13 points, played less than 18 minutes.

☆ NBA roundup: Mavs' playoff hopes dashed by Bulls
▼ + stars: | 2023-04-08 | by ( ) www.reuters.com time to read: +9 min

The result ended the Mavericks' hopes of reaching the Western Conference play-in tournament. Chicago, which had already clinched an Eastern Conference play-in spot, played without leading scorers DeMar DeRozan and Zach LaVine as well as Patrick Beverley. Orlando, which was in contention for a play-in spot over the past month following a 5-20 start, played its second game since being eliminated Tuesday. Grizzlies 137, Bucks 114Jaren Jackson Jr. scored 36 points to lead seven Memphis players in double figures as the Grizzlies clinched the No. Pascal Siakam scored 19 points, Precious Achiuwa added 16 points, and Fred VanVleet had 12 points and eight assists.

☆ NBA roundup: Knicks get by Wizards, clinch playoff berth
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +10 min

[1/4] Apr 2, 2023; New York, New York, USA; New York Knicks guard Quentin Grimes (6) dribbles against Washington Wizards forward Corey Kispert (24) during the second half at Madison Square Garden. New York led by no fewer than eight and by as many as 20 the rest of the way. Atlanta got 25 points from Dejounte Murray, 18 points and 10 rebounds from John Collins and 14 points and 11 boards from Clint Capela. Dallas also got 22 points, seven rebounds and seven assists from Doncic and 18 points from Wood. The Rockets' starting backcourt of Kevin Porter Jr. and Jalen Green combined for 44 points with Green adding seven assists.

☆ NBA roundup: Warriors withstand Joel Embiid's 46-point game
▼ + stars: | 2023-03-25 | by ( ) www.reuters.com time to read: +7 min

[1/5] Mar 24, 2023; San Francisco, California, USA; Golden State Warriors guard Stephen Curry (30) dribbles the basketball against the Philadelphia 76ers in the fourth quarter at Chase Center. A 23-9 run in the first 5:59 out of the locker room quickly flipped the game in the Kings' favor. Booker finished with 32 points, 14 in the fourth quarter, and Ross' 30 points marked a season high. Italian rookie Simone Fontecchio led Utah with 26 points, while Kelly Olynyk chipped in with 16 points and seven rebounds. Haliburton and Myles Turner each scored 20 points to lead Indiana, which trailed by 29 in the fourth quarter.

☆ NBA roundup: Knicks' Julius Randle scores 57, Wolves still prevail
▼ + stars: | 2023-03-21 | by ( ) www.reuters.com time to read: +5 min

Mike Conley (24 points, 11 assists) had a double-double for the Timberwolves, who snapped a three-game losing streak. Bulls 109, 76ers 105 (2OT)Zach LaVine scored 26 points, DeMar DeRozan added 25 and Chicago outlasted host Philadelphia 76ers. Joel Embiid had 37 points, 16 rebounds and three blocked shots for the Sixers. Hornets 115, Pacers 109Kelly Oubre Jr. scored 28 points and Charlotte wiped out a 21-point first-half deficit to defeat visiting Indiana. Curry finished with 30 points, seven rebounds and five assists while Thompson added 29 points and seven rebounds.

☆ NBA roundup: 3-pointer at buzzer pushes Mavs past Lakers
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +6 min

Anthony Davis scored 26 points with 10 rebounds for the Lakers after missing Wednesday's defeat to the Houston Rockets because of load management. Austin Reaves scored 16 points and Dennis Schroder added 15 as Los Angeles played its 10th consecutive game without LeBron James (foot). Washington's 12 points and Kelly Oubre Jr.'s 11 points led Charlotte. Jalen Green paced Houston with 25 points while Kevin Porter Jr. added 20. Brandon Ingram led the Pelicans with 31 points and six assists, while Jonas Valanciunas had 22 points and 17 rebounds.

☆ HelloFresh stops buying coconut milk from Thailand after videos show monkeys being forced to harvest the crop
▼ + stars: | 2023-03-08 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

HelloFresh will stop buying coconut milk sourced in Thailand, Axios reported. It revealed that monkeys on HelloFresh suppliers' coconut farms were being kept in poor conditions. PETA accused Suree and Aroy-D, HelloFresh's former coconut milk suppliers, of keeping monkeys chained on dirt patches with no protection from the elements. Major retailers, including Walmart, Target, and Costco, have already stopped selling coconut milk from certain Thai suppliers, but HelloFresh's move goes one step further, banning all coconut milk exports from the country. It's now calling on Whole Foods and other retailers to stop sourcing coconut milk from Thailand, it said in a press release.

☆ NBA roundup: Red-hot Knicks outlast Celtics in double OT
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +10 min

Julius Randle added 31 points and nine rebounds for the Knicks, who also received 29 points and 11 rebounds from RJ Barrett. Jayson Tatum had 40 points, 11 rebounds and six assists for the Celtics, who have lost their last two home games. Bennedict Mathurin scored 17 points, Myles Turner added 16 and Chris Duarte had 15 for Indiana. Kelly Oubre Jr. scored 17 points for Charlotte, which dropped its third straight. Walker Kessler (17 points, 10 rebounds) and Kelly Olynyk (15 points, 10 rebounds) each had double-doubles in the loss.

☆ NBA roundup: Nets stun Celts with NBA's biggest comeback of season
▼ + stars: | 2023-03-04 | by ( ) www.reuters.com time to read: +7 min

Cam Johnson added 20 points for the Nets, who also received 17 points apiece from Spencer Dinwiddie and Dorian Finney-Smith. Jayson Tatum, who turned 25 on Friday, finished with 22 points and 13 rebounds, but he missed all eight of his 3-point attempts. Terry Rozier posted 22 points, Gordon Hayward 17 and Mark Williams 13 points for Charlotte, which was hurt by 21 turnovers. Kings 128, Clippers 127De'Aaron Fox recorded 33 points, seven rebounds and seven assists and Sacramento won its fifth straight game by prevailing over visiting Los Angeles. Jonathan Kuminga, coming off the Golden State bench, chipped in with 19 points, seven rebounds and four steals.

☆ NBA roundup: Suns win in Kevin Durant's debut
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +7 min

Bucks 139, Magic 117Giannis Antetokounmpo collected 31 points, seven rebounds and six assists to fuel streaking Milwaukee's victory over visiting Orlando. Orlando's Cole Anthony scored a season-high 28 points off the bench and Markelle Fultz recorded 21 points, seven rebounds and five assists. Jalen Williams led Oklahoma City with 24 points and chipped in seven assists, while Josh Giddey added 22 points, 11 assists and nine rebounds. The 76ers, who snapped a two-game skid that included a home loss to the Heat, also got 23 points, seven rebounds and five assists from James Harden. Ja Morant had 20 points, seven rebounds and seven assists for Memphis, which led by as many as 28 and won its third straight.

☆ NBA roundup: Hornets win again, lose LaMelo Ball
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +3 min

Gordon Hayward added 19 points and Kelly Oubre Jr. joined ball with 18 points for Charlotte. Mark Williams provided 15 points and 11 rebounds. Heat 101, 76ers 99Jimmy Butler had 23 points, 11 rebounds, nine assists and four steals to help Miami edge host Philadelphia. Jayson Tatum, who entered Monday averaging 30.4 points per game, was limited to 14 points before he was ejected late in the fourth quarter. Moritz Wagner and Markelle Fultz added 14 points each and Wendell Carter Jr. had 11 points and 11 rebounds for Orlando, which began a three-game road trip by finishing a season series sweep against New Orleans.

☆ NBA roundup: Jayson Tatum sends Celtics past 76ers
▼ + stars: | 2023-02-26 | by ( ) www.reuters.com time to read: +6 min

Jaylen Brown led the Celtics with 26 points, Tatum added 18 points, 13 rebounds and six assists and Derrick White had 18 points. Gary Trent Jr. added 19 points for the Raptors, who have won four in a row for the first time this season. Tyrese Haliburton added 15 points and 14 assists, and Andrew Nembhard scored 13 points. LaMelo Ball had 19 points and 13 assists, Kelly Oubre Jr. and Dennis Smith Jr. both supplied 15 points and Terry Rozier finished with 14 points. Bam Adebayo had 14 points and Kevin Love posted 13 points and 13 rebounds for the Heat, who shot 40 percent from the field.

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