NBA approves sale of Hornets from Jordan to investors Plotkin and Schnall

The NBA's board of governors approved the sale of the Hornets from Michael Jordan to a group led by Rick Schnall and Gabe Plotkin.
The sale price is estimated at around $3 billion.
Jordan will maintain a minority stake in the Hornets after the sale.
The new ownership group hopes to improve the Hornets' record, as they have struggled in recent seasons under Jordan's majority ownership.
All NBA owners except James Dolan of the Knicks voted to approve the sale.