Michael Jordan's sale of the Charlotte Hornets is moving forward after the NBA Board of Governors approved the purchase of the group led by Rick Schnall and Gabe Plotkin.

The official sale of the franchise is reportedly expected to be completed within the next one to two weeks, per Adrian Wojnarowski of ESPN. Once the deal is finalized, Jordan's 13-year run as majority owner will come to an end, though he will still remain as a minority owner of the franchise.

According to previous reports, Schnall and Plotkin purchased Jordan's majority stake in the franchise at a valuation of $3 billion. The two will be acting as the team's governors once the sale is done.

Of course it isn't a surprise that the Hornets' sale was approved. Jordan, Schnall and Plotkin agreed to the deal last June, and it didn't look like there would be any issue that would hinder the sale of the franchise.

Now what's all left is for both sides to finalize the deal so Jordan can step down and let the new owners steer the ship.

Michael Jordan joined the Hornets as a part-owner in 2008 before buying a controlling interest on the team in 2010. His time as franchise owner hasn't been as successful as his playing career, though, with Charlotte making just the playoffs twice throughout that span. Not to mention that the Hornets had a losing record in 10 of those 13 seasons he was at the top.

With the new owners taking over the franchise, however, hopes are high that Charlotte will finally be able to make some changes that will put the team in a better direction.