Michael Jordan in ‘serious talks’ to sell Hornets majority stake


Photo: Charlotte Hornets/Twitter

The 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.

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. If the sale is completed, Jordan would be expected to keep a minority stake in the team.

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