Via Charlotte

“While I will continue to run the Charlotte Hornets, make all decisions related to the team and organization, and remain the team’s NBA Governor, Gabe and Dan’s investment in the team is invaluable,” Jordan revealed in a statement. “Gabe and Dan are industry standard-setters and proven leaders, with a belief in philanthropy and a passion for basketball. They share my commitment to Charlotte and the Carolinas.”

The prospective owners are Gabe Plotkin and Daniel Sundheim, the founders of Melvin Capital and DI Capital.

While they await approval from the NBA, the deal is expected to be closed within the next few weeks.

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