Charlotte Hornets Ownership Breakdown

Under jordan s ownership the team rebranded in 2014 to hornets the nickname of the original charlotte nba franchise which left for new orleans in 2002 after that team renamed itself. The charlotte hornets are an american professional basketball team based in charlotte north carolina the hornets compete in the national basketball association nba as a member of the league s eastern conference southeast division the team is largely owned by nba hall of fame legend michael jordan who acquired a controlling interest in the team in 2010. Charlotte hornets 25 on the forbes nba team valuations list.

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The charlotte hornets saw a year over year 20 percent increase in value in the 2018 19 season under the ownership of michael jordan according to forbes.

Charlotte hornets ownership breakdown. Terms of the. Portion of franchise s value attributable to revenue shared. Charlotte hornets owner michael jordan is selling part of his stake in the team per rick bonnell s report for the charlotte observer.

The deal is pending nba approval but that is expected to occur quickly the. The sale is pending nba approval. Charlotte hornets owner michael jordan addresses a press conference ahead of the nba basketball match between milwaukee bucks and charlotte hornets at the accorhotels arena in paris on january 24.

No word on how much he is selling or the value of the sale. Jordan will maintain his controlling stake and with that his position as the face of the team. Michael jordan is selling a percentage of ownership in the charlotte hornets to a pair of new york based businessmen.

Charlotte hornets owner michael jordan has agreed to sell a portion of the team to a pair of investors the team announced in a release saturday. In march 2010 jordan became the majority owner of the charlotte bobcats after four years as part of the team s ownership group and its managing member of basketball operations. Charlotte hornets guard malik monk was chewed out and even playfully smacked a few times by team owner michael jordan after the second year player s blunder nearly cost the team a win.

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