Michael Jordan Eyes Selling Stake in Charlotte Hornets: ESPN (1)

NBA legend and Charlotte Hornets owner Michael Jordan is in talks to sell a majority stake in the basketball franchise, ESPN reported, without saying where it got the information.

The six-time National Basketball Association champion is discussing the sale with a consortium led by Gabe Plotkin, Hornets minority owner and founder of Melvin Capital Management LP, and Atlanta Hawks minority owner Rick Schnall, according to the report.

Michael Jordan

Photographer: Tim Nwachukwu/Getty Images

Jordan, the league’s only Black majority owner, would retain a minority stake if the deal is completed, ESPN said.

The Hornets, who haven’t won a championship since they ...