Who is the Owner of the Charlotte Hornets? An Insight into the Ownership Saga

The ownership of the Charlotte Hornets, an NBA team based in North Carolina, has been a topic of interest for many fans and sports enthusiasts.

Let’s delve into the details.

Under the bright lights of the arena, the Charlotte Hornets stand united, a symbol of teamwork and passion. This image captures not just a team, but a spirit of determination and unity.
Charlotte Hornets: Buzzing with Energy and Passion on the Court. [PHOTO: NFL]

Who is the Owner of the Charlotte Hornets?

They are currently owned by a group led by Gabe Plotkin and Rick Schnall.

This group took over the majority stake from NBA legend Michael Jordan.

Is Jordan 100% the Owner of the Hornets?

No, Michael Jordan is not the 100% owner of the Hornets.

He was once the majority owner but has since sold his majority stake.

However, he still retains a minority stake in the team.

An infographic depicting the ownership transition of the Charlotte Hornets from Michael Jordan to Gabe Plotkin and Rick Schnall, highlighting key points.
Dive into the ownership journey of the Charlotte Hornets – from Michael Jordan’s era to the helm now held by Gabe Plotkin and Rick Schnall. Explore the shifts, values, and impact in this dynamic NBA landscape.

Who is the Real Owner of Charlotte Hornets?

The real owners of the team are Gabe Plotkin and Rick Schnall.

They lead a group that bought the majority stake from Michael Jordan.

How Much Did MJ Sell the Hornets For?

Michael Jordan sold his majority stake in the team for approximately $3 billion.

What is its Net Worth?

As of October 2023, Forbes estimated their net worth at $1.7 billion.

This valuation places them at No. 27 among all NBA franchises.

This logo is more than just a symbol; it’s a testament to the team’s spirit, echoing the buzz of the crowd on game day and the sting of a team that’s not afraid to take on any challenge
Stinging with Pride, Buzzing with Energy – We are the Charlotte Hornets! [PHOTO:FACEBOOK]

Conclusion

The ownership saga of the Charlotte Hornets has seen a transition from NBA legend Michael Jordan to a group led by Gabe Plotkin and Rick Schnall.

Despite no longer being the majority owner, Jordan continues to be involved with the team as a minority owner.

The team, valued at $1.7 billion, continues to be a significant player in the NBA landscape.

I’m glad you’ve made it this far!

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