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Today’s Big Story

MJ Cashes Out

Basketball legend Michael Jordan is selling his majority stake in the Charlotte Hornets, the team announced on Friday.

Why it matters: Michael Jordan is the only black majority owner in the NBA, and also the only black majority owner of a major sports franchise.

Details: Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall put together a new ownership group that includes North Carolina natives rapper J. Cole and country singer Eric Church.

• The Hornets are estimated to be worth $1.7 billion but the rumored sale price exceeds $3 billion.

• Jordan purchased the majority share for $180 million in 2010, and stands to make over a billion dollars in the deal.

• Jordan will also retain a minority stake in the team.

Big picture: Michael Jordan is widely considered the best player of all time, but his successes on the court didn’t translate to the front office. Charlotte has missed the playoffs during 10 of the 13 seasons Jordan has been the majority owner and never made it past the first round when they did.  

Quick Bites

Business & Economy

U.S. stock markets closed lower on Friday (S&P -0.37%, Nasdaq -0.32%, Dow -0.68%)

DraftKings outbids Fanatics, makes $195 million offer for PointBet’s U.S. assets, in hopes of strengthening its dominance in the sports betting sector.

The UK approved Amazon’s $1.7 billion acquisition of Roomba-maker iRobot Corp. on Friday.

World

Russian missiles struck Kiev on Friday as African leaders arrived to begin peace talks.

Pope Francis left the hospital in good condition on Friday, nine days after receiving abdominal surgery.

The death toll linked to a Kenyan pastor who told his congregation to starve themselves to meet Jesus has passed 300, with authorities expecting the amount to increase.

US News, Politics, & Government

Millions of Americans had their data exposed in the cyberattack that targeted government agencies this week. Up to 6.5 million people in Oregon and Louisiana were affected.

Barry Lee Jones, who spent 29 years on death row in prison, was released on Thursday after his case was reexamined.

The Iowa Supreme Court blocked a 6-week abortion ban on Friday, allowing the procedure to remain legal until the 20^th week of pregnancy.

Sports & Entertainment

Conor McGregor was caught on video leading alleged sexual assault victim into a bathroom at NBA finals game.

Pete Davidson charged with reckless driving after crashing a car into a Beverly Hills house.

The NBA has suspended Ja Morant for the first 25 games of the 2023-2024 season for showing a firearm in a video on social media for the second time.

Science, Health, & Tech

A new dinosaur with “blade-like spiked armour” was discovered on the UK’s Isle of Wight.

The U.S. National Institute on Drug Abuse found that men are two to three times more likely to die of a drug overdose than women.

Humans have pumped enough groundwater that the tilt of the earth has changed.

Extras

Sri Lanka doctors remove a 5.26-inch, 1.76 pound kidney stone.

Charted: The rapid decline of global birth rates.

How to get past those pesky article paywalls.

Just a live shark tracker. That’s right a shark tracker.