Michael Jordan Sale of Hornets Still Up in the Air

The possibility of Hornets owner Michael Jordan selling his majority stake in the team apparently is still uncertain.Michael Jordan

Last week, ESPN reported that such a sale was “imminent,” prompting Jordan’s Jump Management to issue a statement about talks.

“Four years ago, Michael Jordan sold a stake in the Charlotte Hornets to a Gabe Plotkin-led group,” the statement noted. “As a natural step in a process due to that transaction, Michael and Gabe are in discussions about his group potentially buying an additional stake. At this time, it is unclear whether an additional sale will take place.”

The Hornets themselves have not issued a statement on the potential sale.

Jordan became controlling owner of the Hornets in March 2010, and still holds the distinction of being the only former player to do so.

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