Michael Jordan takes stake in betting site DraftKings
Michael Jordan takes stake in betting site DraftKings

New York (AFP) – Former basketball superstar Michael Jordan has taken an equity stake in online betting site DraftKings and will serve as a special advisor to the board, the company announced Wednesday.Jordan, chairman and owner of the Charlotte Hornets NBA team, will garner an unspecified stake in the online sports gambling company.In exchange he will provide “strategic and creative input…. on company strategy, product development, inclusion, equity and belonging” and other initiatives, DraftKings said.Established in 2012, DraftKings initially focused on fantasy sports before expanding into…

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HEDGE accordingly