NBA Board of Governors approves league purchase of New Orleans Hornets

NEW YORKThe NBA’s purchase of the New Orleans Hornets has been completed following approval by the NBA’s Board of Governors.

As previously announced, Jac Sperling, a New Orleans native and sports executive with over 20 years of sports-industry experience, will serve as the team’s chairman and representative on the league’s Board of Governors.

Team President Hugh Weber will continue directing the day-to-day activities of the team