Michael Jordan's tenure as the majority governor with the Charlotte Hornets has reportedly nearing an end.
The NBA's Board of Governors approved Jordan's sale of the franchise to a group led by businessmen Rick Schnall and Gabe Plotkin, according to ESPN's Adrian Wojnarowski.
Wojnarowski also reported the New York Knicks' James Dolan was the only governor to oppose the sale:
Adrian Wojnarowski @wojespnESPN Sources: The BOG vote was 29-1 to approve the sale. Knicks owner James Dolan registered the lone vote against.
Schnall and Plotkin reportedly purchased the team at a $3 billion valuation and the sale will be completed sometime in the next couple of weeks.