Charlotte Hornets Ownership Percentage
Charlotte hornets owner michael jordan has reached an agreement to sell a portion of the franchise to two investors from new york but he will retain control of the team reports rick bonnell of.
Charlotte hornets ownership percentage. The nba approved the addition of two people to the charlotte hornets ownership team on friday. Michael jordan is selling a percentage of ownership in the charlotte hornets to a pair of new york based businessmen. Charlotte hornets 25 on the forbes nba team valuations list.
Michael jordan s ownership of the charlotte hornets not only has helped make him a billionaire but with the ascent of nba team values is paying him fat dividends along the way. Charlotte hornets hornets owner michael jordan is 100 percent on board with charlotte s rebuild gm said. 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.
Owner s city of charlotte. 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 percentage of the team purchased by plotkin and sundheim has not been.
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.
