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

How to watch RJ Davis’ Summer League debut
Former UNC guard R.J. Davis makes his NBA Summer League debut Saturday, when Harrison Ingram and Cole Anthony also are scheduled to play. You can...
Fri Jul 4, 2025

UNC basketball alum Quentin Thomas joins UTSA basketball coaching staff
Former UNC basketball player Quentin Thomas has joined the coaching staff at the University of Texas at San Antonio. Thomas will be an assistant coach...
Fri Jul 4, 2025

Video: Locked On Tar Heels - Cole Cloer Names UNC Basketball In Top 8, Football Recruiting Updates
Class of 2026 small forward Cole Cloer revealed his top 8 schools Thursday, including UNC, NC State, Alabama, Florida, Indiana, Louisville, UConn, and Virginia. Host...
Fri Jul 4, 2025

What Happened: Who’s to Blame for Stalling the 1982 ACC Championship Game?
The most controversial moment in coach Dean Smith's career at UNC came during a game he won. The 1982 ACC Tournament final changed college basketball,...
Fri Jul 4, 2025