Woj:NBA board of directors approved Jordan to sell Hornets to sell shares valued at about $3 billion
Live broadcast, July 24-according to the famous Woj report, sources revealed that the NBA Board of Directors approved Jordan to sell the Charlotte Hornets to the group led by Gabby Plott and Rick schner, it cleared the way to end Michael Jordan’s 13-year journey to Wasp’s largest shareholder.
According to sources, the NBA Board of Directors passed the deal by 29 votes to 1, and James Dolan, the boss of the New York Knicks, voted the only negative vote.
The equity sold by Jordan is valued at about $3 billion, and the transaction will be completed in the next one to two weeks.
Related News>> Jordan will retain some Hornets shares and continue to serve as team shareholders
