Charlotte Hornets

Frequently Asked Questions

Does Michael Jordan still own the Hornets?

As of 2024, Michael Jordan no longer holds majority ownership of the Charlotte Hornets. Jordan, who became the majority owner in 2010, sold his controlling stake in the team in August 2023 to a group led by Rick Schnall and Gabe Plotkin. However, Jordan has retained a minority ownership share and remains connected to the franchise in an advisory capacity. During his tenure as majority owner, Jordan was the only former NBA player to own an NBA team, and he played a significant role in shaping the Hornets' brand and basketball operations. With the sale, the Hornets have entered a new era of leadership, but Michael Jordan's legacy and influence continue to be felt within the organization and throughout the Charlotte community. Fans should note that while Jordan is no longer the principal decision-maker, his involvement as a minority owner ensures he maintains a stake in the team's future success.

Why did the Hornets change their name?

The Charlotte Hornets have undergone several name changes due to franchise relocations and branding strategies. Originally established as the Charlotte Hornets in 1988, the team relocated to New Orleans in 2002 and became the New Orleans Hornets. Charlotte was then granted an expansion franchise, which began play in 2004 as the Charlotte Bobcats. In 2013, after the New Orleans franchise rebranded as the Pelicans, Charlotte reclaimed the "Hornets" name, officially becoming the Charlotte Hornets again for the 2014-15 NBA season. The name change was prompted by widespread fan support and a desire to restore the city's original NBA identity and rich basketball heritage. The return of the Hornets name also included the restoration of the team's original teal and purple colors, logo, and historical records, unifying Charlotte's basketball legacy under one beloved brand.

What team did the Charlotte Hornets became?

The Charlotte Hornets' franchise history involves several transitions. The original Charlotte Hornets team, founded in 1988, relocated to New Orleans in 2002 and became the New Orleans Hornets. Following the move, the NBA awarded Charlotte a new expansion team, which began play as the Charlotte Bobcats in 2004. In 2013, after the New Orleans franchise changed its name to the New Orleans Pelicans, the Charlotte Bobcats announced they would reclaim the "Hornets" name. The change became official for the 2014-15 NBA season. As a result, the current Charlotte Hornets are a continuation of the Bobcats franchise, but they also reclaimed the pre-2002 history and records of the original Hornets. The sequence is: Charlotte Hornets (1988"

Does Michael Jordan own 100% of the Hornets?

Michael Jordan did not own 100% of the Charlotte Hornets. While he was the majority owner from 2010 until 2023, Jordan held approximately 97% of the team's equity at his peak. The remaining shares were owned by a small group of minority investors. In August 2023, Jordan sold his majority stake to a consortium led by Rick Schnall and Gabe Plotkin but kept a minority interest in the franchise. NBA team ownership typically involves a principal owner with a controlling stake and several minority partners. Jordan's position as both the majority stakeholder and a high-profile NBA legend made his ownership tenure unique and highly visible. However, as of 2024, he is no longer the principal owner, but his ongoing minority stake keeps him involved with franchise operations and strategic decisions.

How much does it cost to go to a Hornets game?

The cost to attend a Charlotte Hornets game can vary widely based on factors such as seat location, opponent, day of the week, and demand. As of the 2023-2024 NBA season, the average ticket price for a Hornets home game at the Spectrum Center typically ranges from $20 to $150 per seat. Upper-level seats or tickets for games against less popular opponents can be found for as low as $15-$30. Mid-level and lower-bowl seats, or games against marquee teams, usually range from $50 to $150, while premium courtside or VIP seats can cost several hundred dollars or more. Additional expenses such as parking, concessions, and merchandise should also be considered. For the best deals, fans are encouraged to purchase tickets through reputable platforms like Gigfomo, which offers secure transactions and a wide selection of seating options for every budget.