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00:00 According to reports, the NBA's board of governors
00:02 approved the sale of the Charlotte Hornets on Sunday.
00:05 The move is expected to be completed
00:07 in the next one to two weeks
00:08 and will end Michael Jordan's 13-year tenure
00:11 as the team's majority owner.
00:13 The franchise announced the sale on June 16th
00:15 and added that Jordan will retain
00:17 a minority ownership in the team.
00:19 The sale is reported to be worth $3 million.
00:22 [MUSIC PLAYING]
00:25 (upbeat music)