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

Kim English Changes Mind, Leaving UNC Basketball Coaching Staff
After accepting a position on Michael Malone’s UNC Basketball staff earlier this week, former Providence head coach Kim English has decided not to take the...
Sun Apr 19, 2026

Video: Locked On Tar Heels - Isaiah Denis returning to UNC. What about Henri Veesaar and others?
Isaiah Denis becomes the second Tar Heel to pull out of the transfer portal and return to UNC this offseason, joining Jaydon Young. Meanwhile Kyan...
Sun Apr 19, 2026

Seth Trimble Takes Next Step At Portsmouth Invitational Tournament
Across three games at the Portsmouth Invitational, Seth Trimble made the most of his opportunity. Trimble averaged 14 points, 4.3 rebounds, and 2 assists per...
Sun Apr 19, 2026

Isaiah Denis Returning to North Carolina for Sophomore Season
Upon further thought, Isaiah Denis will withdraw from the transfer portal and remain to UNC his sophomore season. "Chapel Hill we got unfinished business,” said...
Sat Apr 18, 2026