Michael Jordan acquired the majority stake in the Charlotte Hornets in 2010 for $175 million.
In March 2010, Michael 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.
Jordan is the first former player to become the majority owner of an NBA franchise. Under his direction, the team changed its name to the Charlotte Hornets prior to the 2014-15 season, bringing the historic moniker back to its fans and the city.
View Michael Jordan career stats, game logs, biographical info, awards, and achievements for the NBA and NCAA at Basketball-reference.com.