Getty Image / Jacob Kupferman
There are very few players in NBA history who have had anywhere near as much success in their careers as Michael Jordan.
With all of that success, it only made sense that he would somehow remain involved with the game when his playing days were over.
That continued involvement ended up being his ownership of the Charlotte Hornets.
Now it looks like he could be trying to take a step back from his current level of ownership.
According to ESPN’s Adrian Wojnarowski, His Airness is in serious talks to sell his majority stake in the team.
ESPN Sources: 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. pic.twitter.com/jg03W25s49
— Adrian Wojnarowski (@wojespn) March 16, 2023
Woj added that nothing is imminent, but there is significant momentum on a sale.
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 sale is completed, Jordan would be expected to keep a minority stake in team.
— Adrian Wojnarowski (@wojespn) March 16, 2023
The report also states that Jordan would keep a minority stake in the team even if he sells.
Jordan’s time as an owner has not been nearly as successful as his playing career. Since Jordan became the majority owner at the end of the 2010 season, the Hornets have made just 2 playoff appearances and haven’t won a playoff series in either of those appearances.
This year, the team has struggled to a 22-49 record this season as star guard LaMelo Ball has dealt with injuries.
Now it looks like Jordan isn’t planning on being such a big part of any future efforts for the Hornets to win a playoff series for the first time since 2002.