Michael Jordan Wants Out As Charlotte Hornets Owner, ‘In Talks’ To Sell Team

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Basketball legend Michael Jordan wants to get the heck out of Charlotte and is “in serious talks” to sell his majority stake in the Hornets.

According to ESPN’s Adrian Wojnarowski, Jordan — the only black majority team owner in the NBA — is in advanced talks with Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall to sell the team. Jordan will remain as a minority stake owner after the potential sale.

(Photo by Aurelien Meunier/Getty Images)

It’s been a miserable 13 seasons as Hornets owner.

Consistently playing out of the bottom half of the Eastern Conference, Charlotte has been a sub-par team in Jordan’s tenure. The Hornets have finished the regular season with a winning record just three times under Jordan, and have a meager two playoff appearances in that span.

Jordan hasn’t been able to find his groove as owner and often looks physically ill from the sidelines watching his team take the court.

(Photo credit should read JEFF HAYNES/AFP via Getty Images)

As of Mar. 16, the Hornets are 22-49 and 14th in the Eastern Conference.

The team has been on a bad streak recently, including losing former lottery pick LaMelo Ball to a season-ending ankle injury.

Pump the brakes … it’s not all bad news for the basketball magnate.

MJ bought the then-named Charlotte Bobcats in 2010 for $275 million. The team is now reportedly worth $1.7 billion.

(Photo credit should read VINCENT LAFORET/AFP via Getty Images)

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Written by Alejandro Avila

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