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1963–present
Latest News: Michael Jordan Completes Sale of Hornets
Basketball icon Michael Jordan officially sold his majority ownership in the Charlotte Hornets NBA team on August 3. The team was sold for an estimated $3 billion, more than 10 times the $275 million Jordan purchased it for in 2010. The Hornets made the playoffs only three times under Jordan’s leadership. “I’m excited about the future of the team and will continue to support the organization and the community in my new role in the years ahead,” said Jordan, who kept a minority stake in the franchise.