CHARLOTTE — Months after we reported that Michael Jordan was in talks to sell the Charlotte Hornets, ESPN is reporting Friday that the sale of the NBA team has been finalized.

According to ESPN’s Adrian Wojnarowski, sources confirmed that Jordan is finalizing the sale of Charlotte’s basketball team, and and agreement is expected to be signed within the next few days. Details about the cost of the deal haven’t been made public.

ESPN says Jordan will be selling his majority stake in the team to a group led by Gabe Plotkin and Rick Schnall. Plotkin is a minority owner with the Hornets and Schnall is a minority owner with the Atlanta Hawks.

Jordan, a six-time NBA champion and five-time MVP, is considered the greatest player in the history of the game, and he is currently the league’s only Black majority owner. According to ESPN, Jordan is expected to keep a minority stake in the team.

Jordan sold a significant minority stake to Plotkin, founder and chief investment officer of Melvin Capital, and Daniel Sundheim, founder and chief investment officer of D1 Capital, in 2020, and sources say that Sundheim is part of the group working to purchase the team.

ESPN says Jordan will maintain a “presence with the franchise,” according to sources.

This is a breaking news story, check back for updates.