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 - UNC Basketball's Bench Potential, Baseball Super Regional
We often discuss UNC Basketball's starting lineup and how important it is, but we all know how critical the depth pieces are behind that. Who...
Thu Jun 4, 2026

How Roy Williams became UNC Baseball's most unexpected coach
Inside his baseball cap, a familiar voice delivered the call. Walker McDuffie, reared back and fired. Swing and miss. Game over. Boshamer Stadium erupted. Somewhere...
Thu Jun 4, 2026

Video: TarHeel247 Podcast - John Henson With UNC Basketball New-Player Intel, Starting 5 Predictions
Former UNC and longtime NBA forward John Henson joins TarHeel247's Noah Weiskopf to discuss the Tar Heels’ starting five following the addition of Greek big...
Thu Jun 4, 2026

Harrison Barnes shares thoughts heading into third NBA Finals
The NBA Finals get underway Wednesday night, and basketball fans in the state of Iowa will see a familiar face on the court. Former Ames...
Wed Jun 3, 2026