Jordan has owned most of the team since 2006.
Michael Jordan in serious talks to sell majority stake Charlotte Hornetsaccording to the report.
Jordan has become co-owner of the organization in 2006 when they were Bobcats, and four years later he became the main owner.
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Jordan is inserious negotiations“Sell to a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall, ESPN told Thursday night.
If the sale goes through, Jordan will still own part of the team.
No deal is imminent, but there was “significant momentum”.
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Jordan sold a minority stake to Plotkin, founder and chief investment officer of Melvin Capital Management, and Daniel Sundheim, founder and chief investment officer of D1 Capital Partners, in 2020.
Before going to the front office, Jordan became the best basketball player of all time. He has won six NBA titles – all of them Finals MVP – with Bulls of Chicago and five regular season MVPs. He was also a 10-time scoring champion and a nine-time first-team defensive player.
Credit: www.foxbusiness.com /