The Board of Governors of the National Basketball Association (NBA) has approved the sale of the club “Charlotte Hornets” whose main owner is a six-time NBA champion Michael Jordan reports PA .
According to the agency, the club will come under the control of a group led by Rick Schnell and Gabe Plotkin.
“This decision ended Jordan’s 13-year tenure as majority franchise owner. He will remain a minority owner of Charlotte.
According to ESPN, the sale of the Hornets will be around $3 billion. Jordan bought a majority stake in Charlotte in 2010 for $275 million.
Source : MatchTV
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