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CHARLOTTE, NORTH CAROLINA - FEBRUARY 17: Michael Jordan, owner of the Charlotte Hornets, takes part in a ceremony honoring the 2020 NBA All-Star game during a break in play as Team LeBron take on Team Giannis in the fourth quarter during the NBA All-Star game as part of the 2019 NBA All-Star Weekend at Spectrum Center on February 17, 2019 in Charlotte, North Carolina. Team LeBron won 178-164. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2019 NBAE (Photo by Streeter Lecka/Getty Images)

In a surprising move, NBA legend and Charlotte Hornets owner Michael Jordan has agreed to sell off a portion of the team to a pair of New York investors.

Jordan has worked out a deal that will see Melvin Capital’s Gabe Plotkin and DI Capital’s Daniel Sundheim join Hornets Sports and Entertainment as investors, a rep announced Wednesday. The deal is pending NBA approval.

Jordan paid $180 million in cash when he purchased 65 percent of the Hornets — then called the Bobcats — in 2010. Since then, his share of the ownership has grown to 97 percent and the team’s value has increased to an estimated $1.3 billion. Neither the percentage of the team he’s selling to Plotkin and Sundheim nor the amount they’re paying for it has been revealed.

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