In 2010, Michael Jordan paid $275 million for a majority stake in the Charlotte Hornets; 13 years later, he sold it in a deal valuing the team at $3 billion Oct 28, 2026 @ 3:49amBasketballNBACharlotte HornetsAthlon SportsMichael Jordan's time as Hornets owner ended with a major franchise sale. Read moreIn 2010, Michael Jordan paid $275 million for a majority stake in the Charlotte Hornets; 13 years later, he sold it in a deal valuing the team at $3 billion