Michael Jordan to Sell Majority Stake in $1.7 Billion Business — Report

Basketball legend Michael Jordan is eyeing selling his NBA franchise.
The retired sports star is in negotiations to sell his majority stake in the Charlotte Hornets, according to a Thursday ESPN report.
Jordan is “engaged in serious talks” to sell his stake in the franchise to a group involving Atlanta Hawks minority owner Rick Schnall and Hornets minority owner Gabe Plotkin, according to the report.

ESPN Sources: 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.
— Adrian Wojnarowski (@wojespn) March 16, 2023

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