The information was released by Adrian Wojnarowski. The 13-year reign of Michael Jordan will end thanks to a team led by Rick Schnall and Gabe Plotkin. The team cost them almost $3 billion when they bought it. The team was purchased by the five-time MVP at $275 million back in 2010.
The move was approved by the NBA Board of Governors, giving MJ the go-ahead. 29-1 was the final vote count. James Dolan, owner of the New York Knicks, was the lone shark.
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