Michael Jordan appears ready to move on as owner of the Charlotte Hornets.
The NBA legend is finalizing his sale of the team after spending 13 years as a majority owner, ESPN’s Adrian Wojnarowski reported on Friday.
A group led by Gabe Plotkin and Rick Schnall will purchase Jordan’s stake, Wojnarowski reported. Plotkin is a minority owner of the Hornets and Schnall is a minority owner of the Atlanta Hawks.
Jordan will remain in charge of the Hornets’ basketball operations through the 2023 NBA Draft and into the start of free agency on July 1, and he is expected to keep a minority stake in the team once the sale is complete, Wojnarowski reported.