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Michael Jordan Selling Majority Ownership Stake In Charlotte Hornets In 2023

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CHARLOTTE, N.C. The Charlotte Hornets announced on Friday that Michael Jordan is finalizing an agreement to sell the team’s majority stake, leaving the NBA’s 30 teams without any Black majority ownership.

According to the Hornets, Jordan is selling to a group headed by Gabe Plotkin and Rick Schnall. Since 2019, Plotkin has had a minor ownership interest in the Hornets. Since 2015, Schnall has had a minority ownership stake in the Atlanta Hawks and is currently selling that stake.

It’s still being determined how long it will take for the NBA Board of Governors to approve the sale. Jordan intends to maintain a small ownership position in the Hornets, a franchise he paid around $275 million for in 2010.

Jordan’s decision to sell marks the end of his disastrous 13-year tenure as organization manager.

Earlier this month, during the NBA Finals, NBA Commissioner Adam Silver remarked, “In the same way that it’s amazing that one of our greatest, Michael Jordan, could become the principal governor of a team, he has the absolute right to sell at the same time. Values have increased significantly since he purchased the squad, so that is his choice.

Silver stated at the finals news conference that the Board of Governors emphasizes ownership group diversity.

Silver stated, “I would love better representation regarding principal governors. “This is a market. The league could focus directly on it if we were to grow, but when it comes to individual team transactions, the market determines where we end up.

The Charlotte Hornets announced on Friday that Michael Jordan is finalizing an agreement to sell the team’s majority stake.

ESPN said the franchise was valued at $3 billion, citing sources, although the sale price was not immediately disclosed. The Phoenix Suns were the most recent NBA team to be sold when Mat Ishbia acquired them in a December deal valued at $4 billion.

Jordan’s spokeswoman, Estee Portnoy, declined to comment on the deal.

Even though Michael Jordan was an outstanding player on the court—a national champion at North Carolina, a two-time Olympian with a gold medal, a six-time NBA champion, and a perennial contender for the finest player ever—the Hornets never won a championship during his ownership.

In his 13 seasons as coach, Charlotte had a 423-600 record, the 26th-best mark. It hasn’t even made the postseason in the past seven seasons, and during that time, it has yet to win a single playoff series.

Recording artist J. Cole, Dan Sundheim, Ian Loring, country music singer-songwriter Eric Church, Chris Shumway, and several Charlotte-area investors, including Amy Levine Dawson and Damian Mills, are further members of the new possible Hornets ownership group, which is now awaiting clearance.

Along with the Hornets, HSE ownership includes:

  • Running the Spectrum Centre.
  • Managing the Greensboro Swarm of the NBA G League.
  • The Hornets Venom GT of the NBA 2K League.

All of them are included in the transaction.

The Charlotte Hornets announced on Friday that Michael Jordan is finalizing an agreement to sell the team’s majority stake.

It generated a lot of noise when Jordan, raised in Wilmington, North Carolina, bought most of the squad.

Jordan was disturbed by the Hornets’ difficulties and inability to change their fortunes. When he sold a minority stake to Plotkin and Sundheim in 2020, it was the first indication that he was preparing to exit the NBA ownership industry.

The Hornets, who have the No. 2 choice in the NBA Draught, are coming off a 27-55 season marred by injuries. On Thursday night, Victor Wembanyana is anticipated to be selected first overall, leaving Charlotte to choose between Scoot Henderson, a talented guard in the G League, and Brandon Miller from Alabama.

LaMelo Ball is Charlotte’s biggest star, but the team also has some solid role players to build around in Terry Rozier, Gordon Hayward, P.J. Washington, and Mark Williams, the starting center who excelled as a rookie last season.

As an owner, Jordan was frequently criticized for not making enough free-agent signings to make the Hornets competitive.

In 2010, he took over a club that the Orlando Magic had swept in the first round after winning 44 games the year before.

Following then, things became worse.

Charlotte, still known as the Bobcats, then finished 34-48 in Jordan’s first season in charge before posting an NBA-worst 7-59 record the following season. Nevertheless, despite their horrible record, Charlotte could not secure Anthony Davis and the top selection in the NBA draught.

2013–14, Charlotte made it back to the playoffs, but the Miami Heat swept them. The Hornets won 48 games the following season but fell to the Heat in the opening round again, this time in seven games.

Only one winning season and two early exits from the play-in tournament as the 10 seed has occurred for Jordan’s Hornets in the seven years since.

Charlotte hasn’t won an NBA championship or a playoff series since the 2001–02 season.

SOURCE – (AP)

Kiara Grace is a staff writer at VORNews, a reputable online publication. Her writing focuses on technology trends, particularly in the realm of consumer electronics and software. With a keen eye for detail and a knack for breaking down complex topics, Kiara delivers insightful analyses that resonate with tech enthusiasts and casual readers alike. Her articles strike a balance between in-depth coverage and accessibility, making them a go-to resource for anyone seeking to stay informed about the latest innovations shaping our digital world.

Entertainment

TamilYogi 2024: Watch HD Tamil Movies Online for Free!

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It has become increasingly common for audiences to consume content online due to the accessibility of movies. A popular platform for Tamil cinema enthusiasts, TamilYogi provides access to various Tamil movies in a digital format.

You can watch Tamil movies online in HD through this comprehensive guide on this platform, which will provide you with a comprehensive understanding of TamilYogi.

Currently, movie fans have unlimited options for watching their favorite content, with one of the websites gaining popularity these days being Tamil Yogi. This website allows downloading films from Hollywood, Bollywood, and Tollywood. It is one of the best websites for downloading HD-quality content.

Understanding TamilYogi

Streaming Tamil movies is a specialty of TamilYogi, an online platform that provides enthusiasts with a convenient way to access recent releases and classic Tamil films. In addition to providing a broad range of Tamil content, the channel also offers movies in various genres, from action and drama to romance and comedy.

Tamil Movies Online: Getty Images

TamilYogi: Watch Tamil Movies Online in HD

Even though TamilYogi offers a streaming platform for Tamil movies, it is important to approach such services responsibly. Below is a guide on how to watch Tamil movies online for free in HD on TamilYogi:

 

1. Accessing the Website

Users can access TamilYogi through a website by searching for “TamilYogi” through a search engine. However, it is important to note that the legality of streaming platforms such as TamilYogi is a matter of debate, and users should be aware of the potential legal implications.

2. Navigating the Website

The TamilYogi website may have a search bar, which can be used to locate specific movies quickly. The website typically categorizes movies by release date, genre, and popularity.

3. Choosing HD Quality

Users of TamilYogi have the option of choosing the video quality they wish to stream. For those who prefer a more immersive and clearer viewing experience, HD (High Definition) is a popular choice. When prompted, select HD to enhance the visual quality of the movie.

4. Streaming Options

It is advisable to have a reliable and high-speed Internet connection for optimal streaming performance on TamilYogi. Users have the option to choose from multiple servers or sources for streaming.

5. Using a VPN for Privacy

Some users use a Virtual Private Network (VPN) to enhance their privacy due to the differing legal status of different regions, such as TamilYogi. In addition to masking the user’s IP address, a VPN can provide an additional layer of security. However, it is important to be aware that using a VPN does not necessarily make it legal for a user to access copyrighted content.

6. Legal Alternatives

Users must be aware of the legal and ethical considerations surrounding the unauthorized streaming of Tamil movies on platforms such as TamilYogi. Several legal and high-quality streaming services offer Tamil movies, including Amazon Prime Video, Netflix, and Hotstar. Subscribers to these services ensure a legal and high-quality viewing experience.

Legal and Ethical Considerations

Streaming copyrighted content without proper authorization may violate intellectual property rights, resulting in legal consequences for users. Users should know the legal and ethical implications of using platforms like TamilYogi. Additionally, adopting legal alternatives contributes to the sustainability of the entertainment industry by supporting creators and the industry.

TamilYogi allows users to watch Tamil movies online in HD. However, users should be careful when using such services, taking into account the ethical and legal implications. It is important to opt for legal alternatives such as Amazon Prime Video, Netflix, and Hotstar to ensure high-quality viewing experiences and support the creators and the industry.

To maintain a thriving and sustainable entertainment ecosystem, users should stay informed about streaming platforms’ legal status and make choices that align with ethical practices.

Tamil Movies Online: File Image

FAQs

1. What is TamilYogi?

Downloading and viewing pirated content is available on TamilYogi through torrents.

2. Is TamilYogi free?

TamilYogi is a free website for everyone to use, however we advise that you do not use it because it is an illegal site.

3. List some features of the TamilYogi website.

  • High-quality movies, and TV shows, with good sound quality.
  • Variety of content available.
  • User-friendly and intuitive interface.
  • Content is available in HD quality and dual audio.
  • One can preview the content before downloading it.
  • You can search for any movie in any language you want.

4. Name some Film categories available on the TamilYogi website.

  • Action
  • Thriller
  • Comedy
  • Drama

NOTE: VORNews does not intend to support or promote piracy in any way, and this content is solely for reference purposes. The Copyright Act imposes strict penalties for stealing original content.

Our team strongly opposes piracy and discourages users from using pirated websites. We strongly advise you to refrain from visiting these websites. To enjoy movies and other content legally, we recommend using platforms like Netflix, Amazon Prime Video, ZEE5, Sony Liv, and Disney+ Hotstar.

 

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Celebrity

‘Star Wars’ Actor Mark Hamill Drops By White House For A Visit With ‘Joe-Bi-Wan Kenobi’

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Washington — On Friday, “Star Wars” actor Mark Hamill visited the White House with President Joe Biden, leaving with a pair of the president’s aviator sunglasses and a newfound respect for the job.

“I love the merch,” he added, removing his glasses briefly at the White House daily press briefing following his meeting with Biden. Hamill, 72, famous for playing Luke Skywalker, joked with reporters that he’d answer a few questions as long as they weren’t about “Star Wars.”

AP – VOR News Image

‘Star Wars’ Actor Mark Hamill Drops By White House For A Visit With ‘Joe-Bi-Wan Kenobi’

“I was honored to be asked to come to the White House to meet the president,” he told reporters. He’d been to the White House previously, during the Carter and Obama administrations, but he’d never seen the Oval Office, which he described as impressive. According to Hamill, Biden displayed photographs and other memorabilia from the Oval Office.

Hamill claimed Biden told him to call him “Joe,” to which Hamill responded with an alternative suggestion: “Can I call you Joe-bi-Wan Kenobi?”

“He liked that,” said Hamill, who also portrayed the Joker in “Batman: The Animated Series.”

AP – VOR News Image

‘Star Wars’ Actor Mark Hamill Drops By White House For A Visit With ‘Joe-Bi-Wan Kenobi’

Both Mark and the White House were hazy about the cause for his visit. But Mark, a Democrat and Biden supporter with a sizable social media following, has been posting about the president’s reelection campaign this week.

“May 1 Not Quench Your Thirst For Biden’s Re-election!” he tweeted on May 1.

On Friday, he wrote, “May 3 be absurd that the guy who tried to steal a fair election is allowed to run again,” referring to Donald Trump’s efforts to overturn the 2020 presidential election.

May 4 is unofficially known as “Star Wars” Day, partly due to the famous Jedi line “May the Force Be With You.” The pun is “May 4 be with you.”

AP – VOR News Image

‘Star Wars’ Actor Mark Hamill Drops By White House For A Visit With ‘Joe-Bi-Wan Kenobi’

Mark also provided his voice for “Air Alert,” a downloadable program linked to Ukraine’s air defense system. His voice warns citizens to take cover if Russia launches another aerial strike on Ukraine.

SOURCE – (AP)

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Kevin Spacey Denies New Allegations Of Inappropriate Behavior To Be Aired On UK Television Next Week

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LONDON — Kevin Spacey, the Oscar-winning actor, has denied new charges of inappropriate behavior by men who will appear in a British television documentary airing next week.

In an online interview with journalist Dan Wootton, Spacey stated that he has never done anything unlawful and has struggled to return to work since being convicted of criminal charges in a London court last year.

“I can’t go through this again, allowing myself to be baselessly attacked without defending myself,” he said in the “Kevin Spacey: Right Of Reply” interview, which aired late Friday on Wootton’s YouTube channel.

AP – VOR News Image

Kevin Spacey Denies New Allegations Of Inappropriate Behavior To Be Aired On UK Television Next Week

Last July, a London jury cleared Spacey of sexual assault charges stemming from 20-year-old allegations made by four men. The court triumph was his second since defending himself against a $40 million lawsuit filed in New York in 2022 by “Star Trek: Discovery” actor Anthony Rapp.

The documentary “Spacey Unmasked” will be shown on Channel 4 in Britain on May 6 and 7 and on Max in the United States.

The actor mentioned during the interview that the program will feature men’s evidence about events between 1976 and 2013.

“I take full responsibility for my past behaviour and my actions, but I cannot and will not take responsibility or apologize to anyone who’s made up stuff about me or exaggerated stories about me,” said Spacey, who received Academy Award nominations for “The Usual Suspects” and “American Beauty.”

“I’ve never told someone that if they give me sexual favors, then I will help them out with their career, never,” he said.

Rolling Stone – VOR News Image

Kevin Spacey Denies New Allegations Of Inappropriate Behavior To Be Aired On UK Television Next Week

Spacey, the creative director of the Old Vic Theatre in London from 2004 to 2015, said that he was a “flirt” with men in their twenties and occasionally made “clumsy” advances.

“I’ve clearly hooked up with some men who thought they might get ahead in their careers by having a relationship with me,” he went on to say. But there was no conversation with me. It was all part of their plan, a plan that was always destined to fail because I wasn’t in on the deal.”

The actor also stated on X, formerly Twitter, that he had “repeatedly requested” that Channel 4 give him more than seven days to reply to the claims brought against him in their program.

Spacey said that the network turned down his request “on the basis that they feel that asking for a response in 7 days to new, anonymized and non-specific allegations is a ‘fair opportunity’ for me to refute any allegations made against me.”

“Each time I have been given the time and a proper forum to defend myself, the allegations have failed under scrutiny and I have been exonerated,” he said.

ABC – VOR News Image

Kevin Spacey Denies New Allegations Of Inappropriate Behavior To Be Aired On UK Television Next Week

Spacey said he had struggled to return to work since being acquitted of all criminal charges, characterizing the experience as a “life sentence.”

His acting career had suffered since 2017 when he was publicly accused of inappropriate behavior at the start of the #MeToo movement. He then lost his starring role as Frank Underwood in the Netflix thriller “House of Cards”.

SOURCE – (AP)

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