NBA Hall of Famer Michael Jordan is in "serious talks" to sell his majority stake in the NBA's Charlotte Hornets, ESPN reported on Thursday.
Jordan reportedly is contemplating selling his stake to a group being led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall.
Per ESPN, the talks are in the early stages, but if Jordan was to sell his majority stake, he would still remain a minority owner of the Hornets franchise.
Jordan started as a minority investor in the franchise in 2006, when the team was named the Charlotte Bobcats.