NBA Board of Governors approves Hornets sale, ending Michael Jordan’s tenure as majority owner: Source

NBA Board of Governors approves Hornets sale, ending Michael Jordan’s tenure as majority owner: Source

The NBA Board of Governors approved the sale of the Hornets to a group led by Gabe Plotkin and Rick Schnall, a source briefed on the sale confirmed to The Athletic on Sunday. Here’s what you need to know:

The sale approval effectively ends Michael Jordan’s 13-year tenure as the team’s majority owner after he reached an agreement to sell his stake to the group led by Plotkin and Schnall last month.
The sale still has to be finalized, the source confirmed. That is expected to occur in the next few weeks.
Jordan will retain a minority stake in the team.
The six-time NBA…


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