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Michael Jordan eyes next big win in business

Investor Michael Jordan joins Sportradar founder and CEO Carsten Koerl for remarks before ringing the Nasdaq opening bell in celebration of the launch of the company’s IPO on Sept. 14 in New York City.

CHARLOTTE — One of the all-time greats in the world of sports is looking for his next big win in business, raising his stake in a sports technology and data company that recently made its debut on the stock market.

A press release from Sportradar (NASDAQ: SRAD) says Michael Jordan is increasing his investment and taking on a new role as a special adviser to the company’s board of directors.

Jordan, the majority owner of the Charlotte Hornets, first invested in Sportradar in 2015, when he and fellow NBA team owner Mark Cuban participated in a $44 million funding round for the Switzerland-based company.

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