J. Cole now owns a percentage of the NBA team Charlotte Hornets.
Charlotte Hornets announced that their Chairman Michael Jordan reached an agreement to sell the majority of his stakes to a group led by Gabe Plotkin and Rick Schnall. ESPN’s Adrian Wojnarowski reports that the sale value of the Hornets at approx $3 billion.
“As part of the transaction, Jordan will retain a minority ownership share of the team,” the statement reads.
Read the full release on https://t.co/BzkRIrrehy.
🔗 https://t.co/roYUH9ilgI pic.twitter.com/N17fYc0HBp
— Charlotte Hornets (@hornets) June 16, 2023
In Michael Jordan’s 13 seasons as the chairman, Charlotte Hornets reached the playoffs only twice, getting eliminated in the first round in both 2014 and 2016. The team have not made the playoffs since 2016.
Charlotte Hornets announced that rapper J. Cole is also among the buyer of their shares. The Buyer Group will also include Chris Shumway, Dan Sundheim, Ian Loring, Dyal HomeCourt Partners, country music singer-songwriter Eric Church, and several local Charlotte investors, including Amy Levine Dawson and Damian Mills.
J. Cole Writes Article About His Relationship with Basketball & Hip-Hop
“That boy from Fayetteville, NC is now a part of the new ownership group of the Charlotte Hornets,” Dreamville co-founder Ibrahim Hamad wrote on social media. “Safe to say I never met anyone who sets such high goals for himself and crosses them out at a higher rate, that sh*t inspiring. Congrats @JColeNC Shots of Azul tonight my boyyyyy.”
That boy from Fayetteville, NC is now a part of the new ownership group of the Charlotte Hornets. Safe to say I never met anyone who sets such high goals for himself and crosses them out at a higher rate, that shit inspiring. Congrats @JColeNC Shots of Azul tonight my boyyyyy 😂 pic.twitter.com/6fSUxGE9qq
— Ibrahim H. (@KingOfQueenz) June 16, 2023
Previously, J. Cole also played at Basketball Africa League but just for a short stint of three games. In 2022, the rapper also signed a contract with Scarborough Shooting Stars in Canadian Basketball League with help from Toronto rap star Drake.
