The NBA’s Board of Governors has approved the sale of the Charlotte Hornets to a group led by Rick Schnall and Gabe Plotkin, clearing the way to end Michael Jordan’s 13-year run as majority owner, ESPN’s Adrian Wojnarowski tweets.
The completed sale of the team – purchased at an approximate $3 billion valuation – will be executed in the next one-to-two weeks.
The completed sale of the team — purchased at an approximate $3 billion valuation — will be executed in the next one-to-two weeks, sources said.
— Adrian Wojnarowski (@wojespn) July 23, 2023
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