Michael Jordan, arguably the greatest professional basketball player ever, didn’t find that same level of success in 13 years as owner of the NBA’s Charlotte (Bobcats) Hornets. They made the playoffs twice during his tenure. But that won’t stop Jordan from doing well in the sale of his majority share of the Hornets to Gabe Plotkin and Rich Schnall. 

Wachtell, Lipton, Rosen & Katz worked with Jordan’s group, while King & Spalding represented the buyers.