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

Inside UNC’s now-delayed push for new basketball arena at Carolina North
After two years of behind-the-scenes work on a new basketball arena at its planned Carolina North development, top officials at the University of North Carolina...
Sat Apr 25, 2026

Video: Locked On Tar Heels - Where Does UNC Turn Following Henri Veesaar's Departure
UNC center Henri Veesaar has declared for the NBA Draft and intends to stay in. The Tar Heels must pivot immediately and find a new...
Fri Apr 24, 2026

Video: IC Reaction Podcast - UNC's Henri Veesaar Declaring for NBA Draft
Michael Malone will need a new player to man the center position next year as Henri Veesaar has declared for the NBA Draft. Inside Carolina's...
Fri Apr 24, 2026

Henri Veesaar Entering NBA Draft
North Carolina big man Henri Veesaar will forgo his senior season and enter the NBA Draft. In his lone season in Chapel Hill, the Tallinn,...
Fri Apr 24, 2026