The buyer group is led by Gabe Plotkin, chief investment officer at Tallwoods Capital LLC and Rick Schnall, co-president of private equity firm Clayton, Dubilier & Rice.
The group also includes musicians J.Cole and Eric Church, said a press release from Hornets Sports & Entertainment that did not disclose financial terms.
Jordan renamed the team the "Hornets" from its previous "Bobcats" moniker when he re-imaged team ten years ago when he took his majority owner's stake.
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