Charlotte Hornets Ownership History

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 american professional basketball team based in charlotte north carolina that plays in the national basketball association. The original charlotte hornets of the national basketball association nba were established in 1988 as an expansion team based in charlotte north carolina the team s roster was filled with unprotected players at the 1988 nba expansion draft and five days later the hornets made their first picks out of college players at the 1988 nba draft the hornets remained in charlotte for 14 seasons.

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The pelicans were established as the new orleans hornets in the 2002 2003 season when then owner of the charlotte hornets george shinn relocated the franchise to new orleans.

Charlotte hornets ownership history. In 2013 the new orleans franchise announced it would rebrand itself the new orleans pelicans ultimately returning the hornets name records and official history spanning 1988 2002 to charlotte. The charlotte hornets will have the third overall selection in the 2020 nba draft after jumping up five spots in the nba draft lottery tonight. A lot of fans have confusion about the name and history of the hornets and now the pelicans.

Due to the damage caused by hurricane katrina in 2005 the franchise temporarily relocated to oklahoma city where they spent two seasons officially known as the new. The history of the national basketball association s charlotte hornets dates to 1985 when george shinn first thought of bringing professional basketball to charlotte north carolina since then the hornets have recorded ten playoff appearances under two different franchises. The team was originally known as the bobcats when it joined the nba in 2004.

It changed its name in 2014 to match that of the city s previous nba franchise 1988 2002. In 2014 the new orleans hornets became the new orleans pelicans and the name transferred to this current franchise. 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.

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. The hornets entered the lottery with a 26 2 percent. The bobcats were officially renamed the charlotte hornets for the 2014 2015 nba season.

The team that is now the pelicans began as the charlotte hornets in 1988 and remained so until 2002 when they moved to new orleans.

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