Michael Jordan, the owner of the Charlotte Hornets and one of the world’s most storied athletes, has agreed to sell his majority share in the N.B.A. team to a group led by Gabe Plotkin and Rick Schnall, two private equity investors.
The team as a whole was valued at $3 billion given the terms of the agreement, according to a person familiar with its details who was not authorized to discuss them publicly and spoke on the condition of anonymity.