![]() However, the Hornets did not have the results they would have liked on the court, much to the disappointment of their fans. The Hornets in some ways benefitted from having a huge name like Michael Jordan associated with the brand. That’s one of the main reasons why he paid just $275 million to get a majority stake in the team which he then led for the last 13 years. Michael Jordan purchased a majority stake in the Hornets back in 2010 when the NBA franchise was struggling. ![]() Jordan Lost Yet Won With The Charlotte Hornets ![]() The sale was approved by the NBA Board of Governors and is estimated to be around $3 billion. NBA great and legend Michael Jordan who had a majority stake in the Charlotte Hornets and led the team for the last 13 years, has sold his majority stake to a group led by Gabe Plotkin and Rick Schnall who purchased minority shares from Jordan in 2019. Group led by Gabe Plotkin and Rick Schnall are the new owners of the Hornets. ![]()
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