Charlotte Hornets Owner Percentage
Charlotte nc december 21.
Charlotte hornets owner percentage. Michael jordan owner of the charlotte bobcats unveils the new. Michael jordan who controls about 97 percent of the charlotte hornets equity is selling a piece of the nba team to two investors. The charlotte observerreports jordan controls around 97 of hornets equity.
He became a minority owner in the then bobcats in 2006 and bought the team from bet co founder bob johnson in 2010. Jordan a six time nba champion bought the hornets for about 180 million in 2010 and controls about 97 percent of the team equity. Jordan 39 s new partners will be gabe plotkin a founder of melvin capital.
Charlotte hornets 25 on the forbes nba team valuations list. In march 2010 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. Earlier this year forbes valued the hornets at about 1 3.
The deal is pending nba approval but that is expected to occur quickly the charlotte observer reported. Michael jordan is selling a percentage of ownership in the charlotte hornets to a pair of new york based businessmen. Charlotte hornets hornets owner michael jordan is 100 percent on board with charlotte s rebuild gm said.
Charlotte hornets logo during the game against the utah jazz at the time warner cable arena on. Owner s city of charlotte.
