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In Charlotte, a team and its owner, Michael Jordan, get a do-over In Charlotte, a team and its owner, Michael Jordan, get a do-over As a city reconnects with its NBA team Wednesday night, the Charlotte Hornets and their owner, Michael Jordan, get a much-needed do-over. by Ken Berger @kbergcbs Oct 29, 2014 â¢ 11 min read
Jordan first became an investor in the Hornets (then the Bobcats) in 2006 and became the controlling owner in 2010 when he bought out Robert Johnson for $175 million. In January we valued the Hornets at $410 million.