NBA Board of Governors approves Michael Jordan’s sale of the Charlotte Hornets, AP source says

By STEVE REED
AP Sports Writer

CHARLOTTE, N.C. (AP) — According to a person familiar with the situation, the NBA Board of Governors has voted to approve Michael Jordan’s sale of the Charlotte Hornets to an ownership group led by Gabe Plotkin and Rick Schnall. The person spoke to The Associated Press on Sunday on condition of anonymity because the sale won’t become official for at least another week. The decision ends Jordan’s 13-year run as majority owner of the underachieving franchise. Jordan will remain on as a minority owner. Jordan agreed to sell the team on June 16. However, when an NBA owner decides to sell it first must be approved by the league’s Board of Governors. Jordan’s decision to sell leaves the NBA without a Black majority owner.