“DraftKings rallies 8% as Michael Jordan joins betting company…”
September 5, 2020
“Shares of DraftKings rose 8% on Wednesday after the company said Michael Jordan is joining the betting company as a special advisor to the board of directors.
Jordan, a member of the National Basketball Association Hall of Fame, will have an equity interest in the company as part of the deal. He is the current chairman and owner of the Charlotte Hornets franchise.
Jordan is expected to offer DraftKings his expertise on sports company strategy, product development, diversity, equity and belonging, marketing activities and other key initiatives, according to the release…”