Michael Jordan in 'serious talks' to sell majority stake of Hornets: report
Jordan has owned majority of team since 2006
Michael Jordan is in major discussions to sell a majority stake in the Charlotte Hornets, according to a report.
Jordan became part-owner of the organization in 2006 when they were the Bobcats, and he became the majority owner four years later.
CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM
![Michael Jordan](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2023/03/931/523/mj-hornets.jpg?ve=1&tl=1)
Michael Jordan attends the game between the Orlando Magic and Charlotte Hornets on March 1, 2023 at Spectrum Center in Charlotte, North Carolina. (Kent Smith/NBAE via Getty Images / Getty Images)
Jordan is in "serious talks" to sell the stake to a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall, ESPN reported Thursday evening.
If a sale goes through, Jordan will still own a piece of the team.
No deal is imminent, but there has been "significant momentum."
![Michael Jordan at a press conference in 2020](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2022/05/931/523/Michael-Jordan2.jpg?ve=1&tl=1)
Michael Jordan attends a press conference before the NBA Paris Game match between Charlotte Hornets and Milwaukee Bucks on January 24, 2020 in Paris, France. (Aurelien Meunier/Getty Images / Getty Images)
LAKERS LOSE TO LAST-PLACE ROCKETS WITHOUT LEBRON JAMES, ANTHONY DAVIS: ‘WE'RE RUNNING OUT OF TIME’
Jordan sold a minority stake to Plotkin, founder and chief investment officer of Melvin Capital Management, and Daniel Sundheim, founder and chief investment officer of D1 Capital Partners, in 2020.
![Michael Jordan with Hornets](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2023/03/931/523/mj-hornets-1.jpg?ve=1&tl=1)
Charlotte Hornets owner Michael Jordan shakes hands with Mark Williams #5 of the Charlotte Hornets after their game against the Orlando Magic at Spectrum Center on March 03, 2023 in Charlotte, North Carolina. (Jacob Kupferman/Getty Images)
CLICK HERE TO GET THE FOX NEWS APP
Before going into the front office, Jordan became the best basketball player of all time. He won six NBA titles – all of which he won the Finals MVP – with the Chicago Bulls and five regular season MVPs. He also was a 10-time scoring champion and a nine-time All-Defensive First Teamer.