The tenure of His Airness in Charlotte has been disappointing for many fans.
Michael Jordan may soon relinquish his role as majority owner of the Charlotte Hornets.
According to ESPN’s Adrian Wojnarowski, Jordan is getting ready to sell his majority stake to a group led by minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall.
The ownership group is reportedly in serious talks with Jordan, but the details of the deal are not yet known, and the sale is not expected to happen soon.
Jordan became a minority owner of the Charlotte franchise in 2006, then known as the Bobcats. He then bought the franchise in 2010 for $275 million.
Under MJ's watch, Charlotte saw the return of the Hornets brand. On the court, however, Charlotte has had rough years as they only made the playoffs three times, never moving past the first round.
The news of the six-time NBA champion possibly selling his shares to another group brought in some hilarious reactions from fans.
@NBAMemes joked around the fact that Jordan will be able to cash in on a huge amount after buying the Hornets in 2010. Forbes estimates the current value of the Hornets at $1.7 billion.
@JomboyMedia, meanwhile, used a Magic Johnson meme to depict how Jordan is set to leave the Hornets.
There were also Hornets fans who shared their excitement in Jordan leaving the team. The Hornets are currently 22-49 in the standings, second-worst in the Eastern Conference.
Some Hornets fans, meanwhile, expressed hope that the next owner would be more capable in building a team as compared to Jordan.