Does Michael Jordan Still Own Part Of The Charlotte Hornets

Let’s talk about Michael Jordan. The GOAT. The man who flew through the air and broke our hearts. He also owned the Charlotte Hornets. But does he still own them?

Here’s the short, punchy answer: No. He sold his majority stake in 2023. But like a ghost in the rafters, he still has a tiny, juicy piece of the pie.

It’s a weird, fun story. Think of it like selling your house but keeping the mailbox. That’s Jordan with the Hornets.

The Big Sale

In August 2023, Jordan sold his controlling stake. The buyers were a group led by Gabe Plotkin and Rick Schnall. The price tag? A cool $3 billion.

Yes, billion. With a B. That’s enough money to buy every Air Jordan ever made. Twice.

But here’s the kicker. Jordan didn’t walk away empty-handed. He stayed on as a minority owner. He still has a seat at the table, just not the head chair.

How Much Does He Still Own?

The exact number is a secret. NBA owners love their privacy. But insiders whisper it’s around a small slice of the team.

Who Owns The NBA? (2023 Updated)

Think of it as a piece of a giant pizza. He sold 95% of the pie, but kept a few pepperoni slices for himself. It’s enough to matter, but not enough to run the place.

Why do this? Two words: legacy and money. He gets to say he’s still an owner, and he still cashes the annual checks. Pretty sweet deal.

The Quirky, Funny Details

Let’s get weird. Did you know Jordan bought the team in 2010 for $175 million? Thirteen years later, he sold it for $3 billion. That’s a profit of 1,600%.

He turned a franchise into a gold mine. And he did it while mostly losing games. The Hornets haven’t won a playoff series since 2002. Ouch.

It’s like selling a beat-up car that never starts for a fortune. Jordan’s business brain is scarier than his crossover.

Michael Jordan explains decision to sell Charlotte Hornets - Basketball

Another funny fact: Jordan’s ownership was full of drama. He famously drafted poorly. He once picked a player named Adam Morrison who became a meme. The Hornets were often a laughingstock.

But Jordan didn’t care. He just grinned, wore his fancy suits, and collected checks from the TV deals. The joke was on us.

What’s His Role Now?

Today, Jordan is a silent partner. He’s like the cool uncle who visits but doesn’t clean up. He doesn’t make basketball decisions anymore.

He shows up to games sometimes. He sits courtside, eats popcorn, and scowls at bad calls. It’s pure theater.

If you see him in Charlotte, don’t ask him about the draft. He’ll probably just laugh. Then he’ll pull out a cigar and light it. Because he’s Michael Jordan.

Did Michael Jordan Own A Basketball Team

Why This Topic is Just Fun

This is fun because it’s about control. Jordan controlled everything on the court. He couldn’t control a front office to save his life.

He was a terrible GM. But he was a brilliant businessman. It’s like watching a wizard who can’t tie his shoes.

Also, the idea of a billionaire sitting on a tiny piece of a team is hilarious. It’s like winning the lottery and saying, “I’ll take one more ticket, please.”

It sparks curiosity. Did he keep the stake out of pride? Or is he just addicted to the spotlight? Nobody knows for sure.

That mystery is what makes it juicy.

Did Michael Jordan Own A Basketball Team

The Bottom Line

So, does Michael Jordan still own part of the Charlotte Hornets?

Yes. But barely. He’s a minority owner with a golden parachute.

He sold the ship, but he kept a rowboat. And that rowboat is worth millions. Typical Jordan—always finding a way to win.

Next time you see a Hornets game, wave at the guy in the expensive seat. He’s not running the show anymore. But he’s still laughing all the way to the bank.

And that, my friend, is pure, unfiltered Air Jordan magic.