Michael Jordan has agreed to sell the Charlotte Hornets after 13 years in charge of the NBA franchise, according to a report.
Jordan's sale of the Charlotte Hornets to an ownership group led by Gabe Plotkin and Rick Schnall has been approved by the NBA Board of Governors has voted to approve, meaning the sale can proceed.
The news of sale, said to be for around $3bn, was widely reported on Sunday by United States-based media and it brings an end to Jordan's 13-year run as majority owner of the franchise.
Jordan, who bought the Hornets for $180m in 2010, will remain on as a minority owner but the sporting legend's decision to sell leaves the NBA without a Black majority owner.