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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
Michael Jordan Becomes Majority Owner of Charlotte Bobcats. Hall of Famer and six-time NBA champion Michael Jordan is now majority owner of the Charlotte Bobcats. According to ESPN, the NBA Board of Governors approved Jordan's $275 million purchase of the team on Wednesday. MJ has been serving as a minority investor with final say on basketball decisions since 2006, and he will now take over the team from former owner Bob Johnson.