Michael Jordan selling large chunk of Charlotte Hornets; won’t give up majority control

Posted Sep 15, 2019
Michael Jordan has agreed to sell a large piece of the Charlotte Hornets to two New York-based investors, a sale expected to close in the next few weeks. A source familiar with the deal said it does not involve the former NBA MVP giving up majority ownership of the NBA franchise. Jordan controls about 97 percent of Hornets equity, two sources confirmed. (Charlotte Observer)

Related: Basketball, Tar Heels in the NBA

Video: Locked On Tar Heels - Signs Point To Drake Powell Staying In NBA Draft
Drake Powell's absence from the NBA Combine scrimmage likely signals that he'll stay in the Draft. Get the latest updates on Powell's draft journey, Michael...
Tue May 13, 2025

Chansky’s Notebook: The Straw
There was no North Carolina basketball player like Larry Miller. He was the dream All-American, a 6-foot-4 gunslinging southpaw, a fun-loving guy, and a ferocious...
Tue May 13, 2025

Drake Powell Trending Upward in NBA Mock Drafts
Drake Powell's measurements turned heads. He officially was listed at 6-foot-6, 195 pounds his freshman season at North Carolina. His NBA Draft Combine height on...
Tue May 13, 2025

Magic’s Cole Anthony to focus on defense after roller-coaster season
By the fifth game of his fifth NBA season, Cole Anthony had fallen out of coach Jamahl Mosley‘s rotation. But the Magic guard didn’t stop...
Tue May 13, 2025