Charlotte Hornets owner Michael Jordan is engaged in serious talks to sell a majority stake in the franchise to a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall, sources told ESPN on Thursday.

No deal is imminent, but there's significant momentum on a sale that would eventually install Plotkin and Schnall as the co-governors of the Hornets, sources said.

If a sale is completed, Jordan is expected to remain with a minority stake in the franchise, sources said.