J. Cole’s Manager, Ibrahim Hamad, Salutes Cole on Officially Becoming Part-Owner of Charlotte Hornets

J. Cole is officially a part-owner of the Charlotte Hornets. Cole is a member of the ownership group, led by Rick Schnall and Gabe Plotkin, that collaborated on the $3 billion price to acquire the team from former owner Michael Jordan.


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Hitting Instagram, Cole’s manager Ibrahim “Ib” Hamad celebrated the official stamp the deal received from the league office.

“Official,” Ib wrote. “Congrats to my dawg @JColeNC.”

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Recently, on his collaborative single “Passport Bros” with Bas, J. Cole rapped about his new status as team owner.

The news just dropped, I’m a partial owner
What can I say?
Tell Coach Cliff to suit me up and I’ll play, I’m winning

– J. Cole on “Passport Bros”

Coach Cliff is a reference to Steve Clifford, who currently coaches the Charlotte Hornets.

According to ESPN‘s Adrian Wojnarowski, the NBA’s board of governors approved the sale this past Sunday. The vote was 29-1, with the only opposing vote being New York Knicks owner James Dolan. Schnall and Plotkin will be the governors of the franchise.