NBA superstar Michael Jordan has finalized the sale of the Charlotte Hornets.
Our sister station WSOC-TV reported months ago that Jordan was in talks to sell the team.
ESPN was the first to confirm the sale on Friday. League sources said that the deal is worth about $3 billion, according to the sports news outlet.
Jordan is the only Black majority owner of an NBA team, WSOC reported. He currently has the majority stake in the team and will be selling it to a group led by Gabe Plotkin and Rick Schnall. Both are minority NBA owners: Plotkin with the Hornets and Schnall with the Atlanta Hawks, WSOC reported.
Several other people are reportedly part of the buying team, including Daniel Sundheim, J. Cole, Eric Church and several smaller investors from the Charlotte area, according to WSOC.
Jordan will still maintain a “presence with the franchise,” ESPN reported. He’ll keep a minority stake in the team, WSOC reported.
Visit WSOC for more.
Photos: Michael Jordan through the years 1988: Michael Jordan #23 of the Chicago Bulls rests on the court during a game. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory copyright notice: Copyright 2001 NBAE Mandatory Credit: Mike Powelll/Allsport (Mike Powell/Getty Images)
Photos: Michael Jordan through the years 7 Feb 1994: CHICAGO WHITE SOX OUTFIELDER MICHAEL JORDAN SPEAKS AT A WHITE SOX PRESS CONFERENCE. (Jonathan Daniel/Getty Images)
Photos: Michael Jordan through the years 26 Oct 1994: Michael Jordan of the Scottsdale Scorpions looks on during an Arizona Fall League game. (Jonathan Daniel/Getty Images)
Photos: Michael Jordan through the years 9 Feb 1997: Michael Jordan #23 of the Chicago Bulls smiles on the court during the NBA All-Star Practice at the Gund Arena in Cleveland, Ohio.The East defeated the West 132-120 . (Brian Bahr/Getty Images)
Photos: Michael Jordan through the years 2 Jun 1997: Guard Michael Jordan of the Chicago Bulls speaks to reporters during a press conference at the United Center in Chicago, Illinois. Mandatory Credit: Jonathan Daniel /Allsport (Jonathan Daniel/Getty Images)
Photos: Michael Jordan through the years 25 May 1998: Michael Jordan #23 of the Chicago Bulls looks on during an Eastern Conference Final game against the Indiana Pacers at the Market Square Arena in Indianapolis, Indiana. The Pacers defeated the Bulls 96-94. (Vincent Laforet/Getty Images)
Photos: Michael Jordan through the years WASHINGTON - JANUARY 14: Michael Jordan #23 of the Washington Wizards looks at the ball during the game against the Toronto Raptors at MCI Center on January 14, 2003 in Washington, DC. The Raptors won 84-75. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Doug Pensinger/Getty Images (Doug Pensinger/Getty Images)
Photos: Michael Jordan through the years PHILADELPHIA - APRIL 16: Michael Jordan #23 of the Washington Wizards on the court during the final NBA game of his career, played against the Philadelphia 76ers at First Union Center on March 30, 2003 in Philadelphia, Pennsylvania. The Sixers won 107-87. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, User is consenting to the terms and conditions of the Getty Images License Agreement (Photo by Ezra Shaw/Getty Images) (Ezra Shaw/Getty Images)
Photos: Michael Jordan through the years CHARLOTTE, NC - MAY 02: Basketball star Michael Jordan laughs on the first tee during the pro-am at the Wachovia Championship at Quail Hollow Country Club on May 2, 2007 in Charlotte, North Carolina. (Photo by Scott Halleran/Getty Images) (Scott Halleran/Getty Images)
Photos: Michael Jordan through the years LOUISVILLE, KY - MAY 5: Former basketball player Michael Jordan arrives at the 133rd running of the Kentucky Derby at Churchill Downs on May 5, 2007 in Louisville, Kentucky. (Photo by Jeff Gentner/Getty Images) (Jeff Gentner/Getty Images)
Photos: Michael Jordan through the years SPRINGFIELD, MA - SEPTEMBER 11: Michael Jordan to the Naismith Memorial Basketball Hall of Fame wipes tears from his eyes during an induction ceremony on September 11, 2009 in Springfield, Massachusetts. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.(Photo by Jim Rogash/Getty Images) (Jim Rogash/Getty Images)
Photos: Michael Jordan through the years SAN FRANCISCO - OCTOBER 06: US Team assistant Michael Jordan watches the play during a practice round prior to the start of The Presidents Cup at Harding Park Golf Course on October 6, 2009 in San Francisco, California. (Photo by Scott Halleran/Getty Images) (Scott Halleran/Getty Images)
Photos: Michael Jordan through the years SPRINGFIELD, MA - SEPTEMBER 7: Cheryl Miller, Michael Jordan, and Earvin "Magic" Johnson pose for a photograph before the Basketball Hall of Fame Enshrinement Ceremony at Symphony Hall on September 7, 2012 in Springfield, Massachusetts. (Photo by Jim Rogash/Getty Images) (Jim Rogash/Getty Images)
Photos: Michael Jordan through the years CHARLOTTE, NC - NOVEMBER 22: Michael Jordan, owner of the Charlotte Bobcats, reacts to a call as he sits on the bench during their game against the Phoenix Suns at Time Warner Cable Arena on November 22, 2013 in Charlotte, North Carolina. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Streeter Lecka/Getty Images) (Streeter Lecka/Getty Images)
Photos: Michael Jordan through the years LAS VEGAS, NV - APRIL 04: NBA legend and tournament host Michael Jordan speaks at the 13th annual Michael Jordan Celebrity Invitational gala at the ARIA Resort & Casino at CityCenter on April 4, 2014 in Las Vegas, Nevada. (Photo by Isaac Brekken/Getty Images for Michael Jordan Celebrity Invitational) (Isaac Brekken)
Photos: Michael Jordan through the years NORTH LAS VEGAS, NV - APRIL 04: NBA legend Michael Jordan hits a tee shot during ARIA Resort & Casino's 13th Annual Michael Jordan Celebrity Invitational at Shadow Creek on April 4, 2014 in North Las Vegas, Nevada. (Photo by Isaac Brekken/Getty Images for Michael Jordan Celebrity Invitational) (Isaac Brekken)
Photos: Michael Jordan through the years NORTH LAS VEGAS, NV - APRIL 05: NBA legend Michael Jordan walks to the green during Aria Resort & Casino's 13th Annual Michael Jordan Celebrity Invitational at Shadow Creek on April 5, 2014 in North Las Vegas, Nevada. (Photo by Isaac Brekken/Getty Images for Michael Jordan Celebrity Invitational) (Isaac Brekken)
Photos: Michael Jordan through the years NORTH LAS VEGAS, NV - APRIL 06: NBA legend Michael Jordan walks on the fairway during Aria Resort & Casino's 13th Annual Michael Jordan Celebrity Invitational at Shadow Creek on April 6, 2014 in North Las Vegas, Nevada. (Photo by Isaac Brekken/Getty Images for Michael Jordan Celebrity Invitational) (Isaac Brekken)
Photos: Michael Jordan through the years NEW YORK, NY - AUGUST 26: Basketball Hall of Famer Michael Jordan watches as Roger Federer of Switzerland plays against Marinko Matosevic of Australia during their men's singles first round match on Day Two of the 2014 US Open at the USTA Billie Jean King National Tennis Center on August 26, 2014 in the Flushing neighborhood of the Queens borough of New York City. (Photo by Elsa/Getty Images) (Elsa/Getty Images)
Photos: Michael Jordan through the years AUCHTERARDER, SCOTLAND - SEPTEMBER 26: Ex-NBA star Michael Jordan watches the action during the Morning Fourballs of the 2014 Ryder Cup on the PGA Centenary course at the Gleneagles Hotel on September 26, 2014 in Auchterarder, Scotland. (Photo by Jamie Squire/Getty Images) (Jamie Squire/Getty Images)
Photos: Michael Jordan through the years PARIS, FRANCE - JUNE 12: In this handout image provided by Jordan Brand, Michael Jordan paid a visit to Palais 23 this afternoon on Friday June 12, Joined by his frequent partners-in-design Tinker Hatfield and Mark Smith, key figures in the 30-year evolution of the Air Jordan, Jordan has returned to Paris to mark the 30th anniversary of 1985's Air Jordan One. Palais 23 is a spectacular tribute to the shoes, moments, designs and artifacts that have shaped the 30-year evolution of the Air Jordan. (Photo by Jordan Brand via Getty Images) (Handout/Getty Images for Jordan Brand)
Photos: Michael Jordan through the years SHENZHEN, CHINA - OCTOBER 11: Steve Ballmer, owner of Los Angeles Clippers, NBA Commissioner Adam Silver and Michael Jordan, Owner of Charlotte Hornets speak to media during the press conference before the match between Charlotte Hornets and Los Angeles Clippers as part of the 2015 Global Games China at Universiade Centre on October 11, 2015 in Shenzhen, China. (Photo by Zhong Zhi/Getty Images) (Zhong Zhi/Getty Images)
Photos: Michael Jordan through the years SHANGHAI, CHINA - OCTOBER 14: NBA legend Michael Jordan, smiles during a NBA game between Charlotte Hornets and Los Angeles Clippers at Mercedes-Benz Arena on October 14, 2015 in Shanghai, China. (Photo by Hu Chengwei/Getty Images) (Hu Chengwei/Getty Images)
Photos: Michael Jordan through the years CHARLOTTE, NC - NOVEMBER 01: Michael Jordan, owner of the Charlotte Hornets, during their game at Time Warner Cable Arena on November 1, 2015 in Charlotte, North Carolina. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Streeter Lecka/Getty Images) (Streeter Lecka/Getty Images)
Photos: Michael Jordan through the years ANN ARBOR, MI - SEPTEMBER 03: Former NBA star Michael Jordan looks on prior to a game between the Michigan Wolverines and Hawaii Warriors on September 3, 2016 at Michigan Stadium in Ann Arbor, Michigan. (Photo by Gregory Shamus/Getty Images) (Gregory Shamus/Getty Images)
Photos: Michael Jordan through the years WASHINGTON, DC - NOVEMBER 22: U.S. President Barack Obama awards the Presidential Medal of Freedom to National Basketball Association Hall of Fame member and legendary athlete Michael Jordan during a ceremony in the East Room of the White House November 22, 2016 in Washington, DC. Obama presented the medal to 19 living and two posthumous pioneers in science, sports, public service, human rights, politics and the arts. (Photo by Chip Somodevilla/Getty Images) (Chip Somodevilla/Getty Images)
Photos: Michael Jordan through the years CHAPEL HILL, NC - MARCH 04: Michael Jordan speaks to the crowd at halftime during their game against the Duke Blue Devils at the Dean Smith Center on March 4, 2017 in Chapel Hill, North Carolina. (Photo by Streeter Lecka/Getty Images) (Streeter Lecka/Getty Images)
Photos: Michael Jordan through the years CHARLOTTE, NC - JANUARY 12: Michael Jordan, owner of the Charlotte Hornets, reacts on the bench during their game against the Utah Jazz at Spectrum Center on January 12, 2018 in Charlotte, North Carolina. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Streeter Lecka/Getty Images) (Streeter Lecka/Getty Images)
Photos: Michael Jordan through the years CHARLOTTE, NC - JANUARY 13: Owner of the Charlotte Hornets, Michael Jordan, watches on against the Oklahoma City Thunder during their game at Spectrum Center on January 13, 2018 in Charlotte, North Carolina. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Streeter Lecka/Getty Images) (Streeter Lecka/Getty Images)
Photos: Michael Jordan through the years CHARLOTTE, NORTH CAROLINA - FEBRUARY 17: Michael Jordan, owner of the Charlotte Hornets, takes part in a ceremony honoring the 2020 NBA All-Star game during a break in play as Team LeBron take on Team Giannis in the fourth quarter during the NBA All-Star game as part of the 2019 NBA All-Star Weekend at Spectrum Center on February 17, 2019 in Charlotte, North Carolina. Team LeBron won 178-164. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Streeter Lecka/Getty Images) (SL/Getty Images)
Photos: Michael Jordan through the years LOS ANGELES, CALIFORNIA - FEBRUARY 24: Michael Jordan speaks during The Celebration of Life for Kobe & Gianna Bryant at Staples Center on February 24, 2020 in Los Angeles, California. (Photo by Kevork Djansezian/Getty Images) (KEVORK DJANSEZIAN/Getty Images)
Photos: Michael Jordan through the years UNCASVILLE, CONNECTICUT - MAY 15: Class of 2020 presenter Michael Jordan on-stage during the 2021 Basketball Hall of Fame Enshrinement Ceremony at Mohegan Sun Arena on May 15, 2021 in Uncasville, Connecticut. (Photo by Maddie Meyer/Getty Images) (Maddie Meyer/Getty Images)
Photos: Michael Jordan through the years CHARLOTTE, NORTH CAROLINA - NOVEMBER 12: Charlotte Hornets owner and Hall of Famer Michael Jordan looks on during the first half of their game against the New York Knicks at Spectrum Center on November 12, 2021 in Charlotte, North Carolina. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Jared C. Tilton/Getty Images) (Jared Tilton/Getty Images)
Photos: Michael Jordan through the years CLEVELAND, OHIO - FEBRUARY 20: Dominique Wilkins, Michael Jordan, James Worthy, and Bob McAdoo pose for pictures after the introduction of the NBA 75th Anniversary Team during the 2022 NBA All-Star Game at Rocket Mortgage Fieldhouse on February 20, 2022 in Cleveland, Ohio. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Jason Miller/Getty Images) (Jason Miller/Getty Images)