Michael Jordan has confirmed to CNBC that he is selling his majority ownership of the Charlotte Hornets to a group of investors led by Gabe Plotkin and Rick Schnall. Jordan will remain a minority owner after the transaction, but the deal must still be approved by a majority of league owners before it can be finalized. Jordan's decision to sell his majority stake in the Hornets is a sign of his commitment to the team's future success and his legacy will continue to be felt in the city of Charlotte.
