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

Where Caleb Wilson, Henri Veesaar Land In CBS Sports Mock NBA Draft
Caleb Wilson: Chicago Bulls, Round 1 - Pick 4. There is a non-zero chance that Wilson ultimately becomes the best player in this stacked class,...
Thu Jun 18, 2026

UNC Men's Basketball Announces Signing of Cade Bennerman
Cade Bennerman, a 7-0, red-shirt freshman center from Nashville, Tenn., is joining the North Carolina men's basketball program this season. Bennerman red-shirted last season at...
Thu Jun 18, 2026

Video: TarHeel247 Podcast - European Scout Discusses UNC Basketball's International Recruits
International basketball scout Ersin Demir joins former UNC and NBA forward John Henson from the Netherlands to discuss what he's seen from the Tar Heels’...
Thu Jun 18, 2026

Video: Locked On Tar Heels - UNC Basketball To Face Indiana In Exhibition; Diamond Heels vs. WVU
UNC Basketball will travel to Indianapolis to play the Indiana Hoosiers at Gainbridge Fieldhouse. It's an interesting trend where the Tar Heels have played all...
Wed Jun 17, 2026