Michael Jordan is in "serious talks" to sell a portion of his stake in the Charlotte Hornets, according to ESPN's Adrian Wojnarowski.
Jordan would retain a minority stake in the franchise, but Gabe Plotkin and Rick Schnall would become the co-governors.
Plotkin is a minority owner of the Hornets, while Schnall is a minority owner of the Atlanta Hawks.
This would be a great time for Jordan to sell up.
In December, Mat Ishbia agreed to purchase a controlling stake in the Phoenix Suns as well as the WNBA's Phoenix Mercury from Robert Sarver for $4 billion.