Less than a week after a report surfaced that Michael Jordan was in serious talks to sell a large part of his stake in the Charlotte Hornets to a group that includes Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall, Jordan’s family office cast doubt on that possibility.
Wednesday, Jump Management, Jordan’s family company, released a statement indicating a sale is not imminent.
“Four years ago, Michael Jordan sold a stake in the Charlotte Hornets to a Gabe Plotkin-led group,” the statement read.