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Photo: Instagram/Michael Jordan The Charlotte Hornets are set to undergo a change in ownership as the NBA's board of governors has given the green light to the sale of the team. The new ownership group, led by Rick Schnall and Gabe Plotkin, received overwhelming approval with a 29-1 vote, the lone dissenting vote coming from James Dolan, owner of the New York Knicks . The deal, valued at approximately $3 billion, is expected to be finalized within the next one to two weeks. As part of the ownership transition, Schnall, formerly a minority owner with the Atlanta Hawks , and Plotkin, a previous minority owner with the Hornets, will assume the roles of the franchise's governors. Interestingly, the legendary Michael Jordan will retain a minority stake in the team, marking the end of his 13-year tenure as the majority owner. Photo: Instagram/Michael Jordan Having made a significant impact both on and off the court, Michael Jordan's legacy in basketball is unparalleled. A six-t...

Photo: Instagram/Michael Jordan  According to a report by ESPN 's Adrian Wojnarowski , Michael Jordan is currently in "serious talks" to sell his majority stake in the Charlotte Hornets . The potential buyers are a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall . Although the sale isn't imminent, Jordan has considered the possibility of selling his stake, and if he does, he will still remain a minority owner of the team. Photo: Instagram/Michael Jordan  Jordan bought the Charlotte Bobcats, now known as the Hornets, in 2010 for $275 million from former majority owner Bob Johnson. Before that, he had been a minority investor in the team since 2006. However, the team has struggled to find consistent success on the court during Jordan's tenure as majority owner. The Hornets have only made two playoff appearances in the 13 years since he took over the team, the last one being in 2016. During Jordan's ownership, th...