Michael Jordan, the North Carolina native who bought the Hornets and is the only black majority owner of an NBA team, is in talks to sell his shares of the franchise, according to an unexpected report from Adrian Wojnarowski of ESPN.
Charlotte Hornets owner Michael Jordan is engaged in serious talks to sell a majority stake in the franchise to a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall, sources told ESPN on Thursday.
No deal is imminent, but there’s significant momentum on a sale that would eventually install Plotkin and Schnall as the co-governors of the Hornets, sources said.