Michael Jordan will partner with Denny Hamlin to start a new NASCAR race car team, with Bubba Wallace announced as the team's first driver.

"The opportunity to own my own racing team in partnership with my friend, Denny Hamlin, and to have Bubba Wallace driving for us, is very exciting for me. Historically, NASCAR has struggled with diversity and there have been few Black owners. The timing seemed perfect as NASCAR is evolving and embracing social change more and more. In addition to the recent commitment and donations I have made to combat systemic racism, I see this as a chance to educate a new audience and open more opportunities for Black people in racing," released Jordan in a statement.

Hamlin, a season-ticket holder of courtside seats to the Hornets, is a three-time Daytona 500 winner.

The team will feature a single-car Toyota entry aligned with Joe Gibbs Racing.

"Eleven years ago I met Michael Jordan at a then-Charlotte Bobcats game and we became fast friends. Not long after, I joined Jordan Brand as their first NASCAR athlete. Our friendship has grown over the years and now we are ready to take it to the next level. Deciding on the driver was easy -- it had to be Bubba Wallace," wrote Hamlin. 

The Charlotte Hornets announced that radio broadcaster John Focke will not return next season.

The Hornets suspended Focke on August 17th for using the N-word instead of "Nuggets" in tweet during the Nuggets-Jazz playoff game. 

Focke would apologize for the tweet.

"Since this is a personnel matter, the organization will not comment any further. The Hornets thank John for all of his efforts during the 2019-20 season," released the team in a statement. 

Michael Jordan is taking an equity stake in DraftKings in exchange for becoming a special adviser to the sports betting and fantasy sports company.

Jordan will provide guidance and strategic advice to DraftKings' board of directors.

"Michael Jordan is among the most important figures in sports and culture, who forever redefined the modern athlete and entrepreneur," Jason Robins, CEO and co-founder of DraftKings, said in the release. "The strategic counsel and business acumen Michael brings to our board is invaluable, and I am excited to have him join our team."

DraftKings went public in April and was trading at 36.93 at the close of the Nasdaq on Wednesday. 

Jordan's own proclivity for gambling was heavily discussed during his playing career.

Jordan also has an equity stake in Sportradar, which provides data to bookmakers around the world.