The Charlotte Hornets are now valued at $780 million, up 4 percent from last year but still well below the league average, according to new valuations released by Forbes this week. The Charlotte team ranks No. 28 in the NBA.
Still, the franchise’s worth has improved vastly from $278 million in 2010, when Michael Jordan became the majority owner. Going into this season, the Hornets sold over 11,000 season tickets, more than double the number sold the year Jordan bought the team.
The Hornets’ attendance at the Spectrum Center last season was 17,458, ranking it No.