Michael Jordan isn't hurting for cash flow. His estimated net worth is $1.9 billion.
Then why choose now to sell a piece of the Charlotte Hornets to two hedge-fund executives from New York? As first reported by the Observer, Jordan has agreed to sell a large piece of his equity in the Hornets to Gabe Plotkin and Daniel Sundheim. It hasn't been revealed how much those two are buying or at what price. But Jordan isn't giving up majority equity or control over the franchise.
Why now? That's the first of four questions worth discussing:
