Michael Jordan considering sale of majority stake in Charlotte Hornets.

Michael Jordan is in talks to sell a majority stake in the Charlotte Hornets to a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall. If a deal is completed, Jordan is expected to remain with a minority stake in the franchise. Jordan sold a significant minority stake to Plotkin and Daniel Sundheim in 2020. The Charlotte City Council’s approval of Spectrum Center renovations in 2022 included a lease extension with the Hornets to play at the Uptown arena until at least 2045.