The NBA’s board of governors approved the sale of the Charlotte Hornets, which clears a major step in ending Michael Jordan’s 13-year stint as majority owner of the franchise, ESPN reported Sunday.
It was a nearly unanimous vote, ESPN added, as all owners except the New York Knicks' James Dolan voted for the sale to go through.
A group led by businessmen Rick Schnall and Gabe Plotkin is purchasing the team for an estimated $3 billion, and with the board of governors approving the sale, it should be done in the next one to two weeks.