Sacramento Kings owner Vivek Ranadivé is Indian American, Milwaukee Bucks co-owner Marc Lasry is Moroccan-American and Michael Jordan, who owns the Charlotte Hornets… He had a minority stake in the team for many years, but in 2010, Jordan purchased the majority stake in the team. Michael Jordan, who gradually assumed near-total control of Hornets Sports & Entertainment since purchasing the team in 2010, will be adding a pair of partners in the near future. Former Charlotte Hornets guard Jeremy Lin shared some hilarious stories this week about his encounters with Michael Jordan, the owner of the team. The Hornets have played their home games at the Spectrum Center, formerly known as the Charlotte Bobcats Arena and the Time Warner Cable Arena, since 2005. Former professional basketball player Michael Jordan might be known for his ferocious slam dunk, today he is the principal owner and chairman of the NBA Charlotte Hornets. 34. Charlotte Hornets owner Michael Jordan is selling part of his stake in the team, per Rick Bonnell’s report for the Charlotte Observer. The original expansion Hornets relocated to New Orleans in 2002 after a years-long fight between owner George Shinn and political leaders over building a taxpayer-funded arena. According to sports business expert Darren Rovell, the Chicago Bulls legend appears to … The great Michael Jordan has sold a minority share of his ownership of the Charlotte Hornets. Since then his stake has gradually grown to around 97 percent. The NBA approved the addition of two people to the Charlotte Hornets ownership team on Friday. No word on how much he is selling or the value of the sale. Michael Jordan – Charlotte Hornets. Their principal owner is Michael Jordan, with founding owner Robert L. Johnson and Cornell Haynes holding minority interests. Former Chicago Bulls legend Jordan became a minority owner of the Hornets – then known as the Bobcats – in 2006 and paid approximately $180m four years later to become the majority owner. Michael Jordan (Charlotte Hornets) Aside from being a legendary retired basketball player, Michael Jordan has also been a major shareholder of the Charlotte Hornets since 2010 – twenty-two years after the franchise was initially established as an expansion team by George Shinn. Jordan will maintain his controlling stake and with that, his position as the face of the team. One of the Hornets' owners Felix Sabates criticized the NBA and the city of Charlotte for their roles in the All-Star Game being moved from North Carolina.
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