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Michael Jordan in talks to sell majority stake in Hornets, sources say

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, sources told ESPN on Thursday.

No deal is imminent, but there's significant momentum on a sale that would eventually install Plotkin and Schnall as the co-governors of the Hornets, sources said.

If a sale is completed, Jordan is expected to remain with a minority stake in the franchise, sources said.

Jordan, a six-time NBA champion and five-time MVP, is considered the greatest player in the history of the game and he has been the league's only Black majority owner.