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Report: Michael Jordan Looking To Sell Majority Stake In Charlotte Hornets

Author Phil Harris
Owner of the Charlotte Hornets, Michael Jordan, watches their game against the Atlanta Hawks on November 1, 2015 in Charlotte, North Carolina. (Photo by Streeter Lecka/Getty Images)

Could the Charlotte Hornets be nearing the end of the Michael Jordan era? Adrian Wojnarowski of ESPN is reporting that the North Carolina Tar Heel and NBA icon is in “serious” talks to sell off his majority share of the Queen City’s pro basketball team.

Sources are saying that Michael Jordan would be selling to a group that includes Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall, who would take over as co-governors of the team. Jordan would likely keep a minority stake in the team. The sale is not “imminent” but has “significant momentum,” according to ESPN.

Michael Jordan has been the majority owner of the franchise since 2010. That’s when he purchased his stake of the then-Charlotte Bobcats from Bob Johnson for $275 million. Since then, Jordan has been the only African-American majority team owner in the NBA.

I have no doubt that Jordan would be selling his stake in the Hornets for significantly more than the $275 million he paid. The real question is, what would the future look like for the team under new ownership?

Phil Harris is 50% of "Phil & Mel in the Afternoon" on K104.7. He has been with the station since 2013 and on the air in Charlotte since 2000. Before coming to the Queen City, Phil worked for radio stations in Pittsburgh, Austin, and Seattle. In addition to the weekly "Throwback Threesome" music video feature, Phil writes about things that matter to Charlotte sports fans and pet owners. He happens to be both.

Best & Worst Sports Logos: See How North Carolina Teams Rank

Sports team logos are some of the most identifiable logos in the world. And they are a major part of the branding of the teams. Think about it. You can buy just about anything with the logos on it- from simple hoodies or t-shirts to barware, car mats, dog toys, purses, hats, flags, literally anything you can imagine. So they have to be good. But who has the best sports logo? Well, Quality Logo Products Blog has the answer. They surveyed fans across the United States to determine the best & worst sports logos. And NC was well represented.

They determined the best logos by the sport (looking at the major professional sports ). This included breakouts of the following sports:

  • NFL — National Football League: 32 teams, including one in Canada.
  • NBA — National Basketball Association: 30 teams, including one in Canada.
  • MLB — Major League Baseball (National and American Leagues), 30 teams, including one in Canada.
  • NHL — National Hockey League: 32 teams, including seven in Canada and one new expansion team in 2021, the Seattle Kraken.
  • MLS — Major League Soccer: 27 teams, including three in Canada, and one new 2021 expansion team, Austin FC.

Respondents were asked what they thought the best logos in sports were, disregarding how they feel about the teams. They created lists for each sport and also merged them together to find the absolute best logos across all the sports. And one North Carolina team made that combined list. Read on to see which team.

NFL (BEST LOGOS)

  1. Jacksonville Jaquars
  2. Philadelphia Eagles
  3. Baltimore Ravens
  4. Tampa Bay Buccaneers
  5. Miami Dolphins
  6. Denver Broncos
  7. Arizona Cardinals
  8. Detroit Lions
  9. Houston Texans
  10. New England Patriots
  11. Seattle Seahawks
  12. Carolina Panthers
  13. Tennessee Titans
  14. New Orleans Saints
  15. Pittsburg Steelers
  16. Minnesota Vikings

NFL (WORST LOGOS)

  1. Washington Football Team
  2. Indianapolis Colts
  3. Cleveland Browns
  4. Los Angeles Rams
  5. San Francisco 49ers
  6. New York Jests
  7. New York Giants
  8. Green Bay Packers
  9. Chicago Bears
  10. Cincinnati Bengals
  11. Los Angeles Chargers
  12. Kansas City Cheifs
  13. Buffalo Bills
  14. Las Vegas Raiders
  15. Atlanta Falcons
  16. Dallas Cowboys

NBA (BEST LOGOS)

  1. Minnesota Timberwolves
  2. Chicago Bulls
  3. Charlotte Hornets
  4. Miami Heat
  5. Phoenix Suns
  6. New Orleans Pelicans
  7. Boston Celtics
  8. Memphis Grizzlies
  9. Dallas Mavericks
  10. Toronto Raptors
  11. New York Knicks
  12. Golden State Warriors
  13. Milwaukee Bucks
  14. LA Lakers
  15. Orlando Magic

NBA (WORST LOGOS)

  1. Portland Trailblazers
  2. Indiana Pacers
  3. Detroit Pistons
  4. LA Clippers
  5. Sacramento Kings
  6. Washington Wizards
  7. Brooklyn Nets
  8. Atlanta Hawks
  9. Utah Jazz
  10. Houston Rockets
  11. San Antonia Spurs
  12. Oklahoma City Thunder
  13. Denver Nuggets
  14. Philadelphia 76ers
  15. Cleveland Indians

Best Sports Team Logos

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