Michael Jordan is considering selling the Charlotte Hornets.
The six-time NBA champion is in negotiations to sell at least a portion of the franchise to a group that includes Hornets minority owner Gabe Plotkin.
“Four years ago, Michael Jordan sold a stake in the Charlotte Hornets to a Gabe Plotkin-led group,” Jump Management, which is Michael Jordan’s family office, said in a statement to The Associated Press on Wednesday. “As a natural step in a process due to that transaction, Michael and Gabe are in discussions about his group potentially buying an additional stake.”
No deal is imminent.
“At this time, it is unclear whether an additional sale will take place,” the statement read.
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