Live Bar News on August 3, the Hornets officially announced that the ownership transaction of the team had been completed. Gabu-Plott gold and Rick-schner led the group to become the new big boss, and Jordan retired as the small boss.
Jordan wrote in a statement on Wasp’s official website: “In the past 13 years, I have had the opportunity to become a major shareholder of my hometown team, Charlotte Hornets in North Carolina. I feel extremely honored. I am proud of all the achievements made by this team: exciting moments on the court, the return of wasp’s name, Charlotte’s hosting of NBA All-Star game in 2019, and Wasp sports and entertainment company becoming the real pillar of the community.”
“Over the years, the unswerving commitment, enthusiasm and loyalty of Hornets fans have been incredible. As I transition to minority shareholders, I am very happy to be able to transfer power to Gabby and Rick, two successful, innovative and strategic leaders. I know the Hornets will keep moving forward under strong management. I am excited about the future of the team and will continue to support the team and the community with my new role in the next few years.”