Does Michael Jordan Still Own Part Of The Charlotte Hornets

So, you’re asking the big question: Does Michael Jordan still own part of the Charlotte Hornets? It’s a fair query, because the man practically is basketball royalty. For years, His Airness was the face—and the wallet—of the franchise.

Well, grab a snack and get comfortable, because the answer is a bit of a twist. The short version? No, Michael Jordan no longer owns a piece of the Hornets. He sold his majority stake back in August 2023. Yeah, I know, it feels like yesterday he was courtside, chewing gum like it was his job.

Let’s rewind a little. In 2010, Jordan bought a controlling interest in the team for around $275 million. That was a huge deal—he became the first former NBA player to become a majority owner. It was a homecoming, too, since he played his college ball at North Carolina.

For over a decade, he was the boss. He made the big decisions, hired coaches, and probably yelled at a few refs from his seat. But the team? They were, let’s be honest, a rollercoaster. Some good years, some very not-good years. Still, it was his team.

The Big Sale: A Billion-Dollar Goodbye

Then, in the summer of 2023, the news dropped: Jordan was selling his majority stake to a group led by Rick Schnall and Gabe Plotkin. The selling price? A cool $3 billion. That’s a lot of Gatorade endorsements, my friend.

So, what does that mean for you and me? It means MJ is no longer the guy calling the shots. He’s not sitting in the owner’s box, pondering draft picks. The new ownership group took over fully, and Jordan stepped away completely. No more “Chairman of the Board” title.

But wait—did he keep any little sliver? A tiny, symbolic share? Nope. He sold every last bit of his ownership. He went from majority owner to zero owner in one fell swoop. For a guy who hates losing, he walked away with a massive win financially.

Wait, So He’s Just… Gone?

Pretty much, yes. He’s not a part of the Hornets organization in any official capacity anymore. No office, no parking spot, no say in who gets traded. It’s a clean break. He’s free.

Did Michael Jordan Own A Basketball Team

And honestly? The man’s got other things to do. He’s still the owner of the 23XI Racing NASCAR team. He’s got a new sneaker collab every other week. Plus, he’s probably busy perfecting his golf swing. You know, retirement stuff.

But here’s the funny part: Michael Jordan never really owned the Hornets in the way we think. He was the face, but he wasn’t always the sole decision-maker. He had partners. That sale just made those partners the new bosses.

What Happened to the “Jordan Brand” on the Jerseys?

Great question! You might have noticed the Hornets still wear Jumpman logos on their jerseys. That’s not because MJ owns the team anymore. That’s because the Charlotte Hornets have a sponsorship deal with Jordan Brand—like a long-term rental.

It’s kind of like how a restaurant might have a famous chef’s name on the menu, even though the chef sold the place years ago. The spirit of Jordan is still there, but the actual dollars and contracts? Gone.

So, when you watch a Hornets game today and see LaMelo Ball soaring through the air in a Jumpman uniform, don’t get confused. Michael Jordan is not your team’s uncle anymore. He’s just a very, very wealthy spectator.

Michael Jordan selling his majority ownership of the Charlotte Hornets

The Bottom Line (With a Smile)

To sum it up: No, Michael Jordan does not still own part of the Charlotte Hornets. He cashed out, took his billions, and said, “I’m out.” And you know what? Good for him.

He took a team that was almost relocated to Oklahoma City (yes, that nearly happened) and turned it into a billion-dollar asset. He was the guy who kept the team in Charlotte. That’s a legacy worth celebrating, even if the wins were sparse.

So, the next time someone asks you, “Does MJ still own the Hornets?” you can confidently say, “Nope, but he owns a really nice memory and a really big bank account.” And then wink, because you’re now the expert at parties.

And here’s the uplifting truth: Michael Jordan’s story shows that you can walk away from something you love—and still be a legend. He didn’t cling to the past. He sold high, moved on, and let a new generation take the wheel. That’s not losing. That’s winning the game of life.

So, raise a glass of Gatorade (or lemonade, you do you) to His Airness. He may not own the Hornets anymore, but he’ll always own a piece of basketball history. And honestly? That’s worth more than any franchise.