Fact 1) Did the Charlotte Hornets used to be the Bobcats?
The “Bobcats” name was used by the franchise for 10 seasons after joining the NBA as an expansion team in 2004. The organization’s re-branding effort, which was first announced last year, brings back the moniker used by the Charlotte Hornets, who joined the NBA in 1988 and later relocated to New Orleans.
Fact 2) Who owns the Charlotte Bobcats?
Michael Jordan announced on 2014 that the franchise has officially submitted paperwork to the NBA to change its name to the “Hornets” for the 2014-15 season.
Fact 3) What percentage of the Hornets does Michael Jordan own?
Jordan owns roughly 90% of the Hornets. The soaring team value and continued success of Nike’s Jordan Brand pushed Jordan’s net worth to $1.65 billion in Forbes’ billionaires’.
Fact 4) Why did the Bobcats change their name?
In 2013, the New Orleans’ franchise announced it would rebrand itself the New Orleans Pelicans, ultimately returning the Hornets name, records, and official history (spanning from 1988 to 2002) to Charlotte. The Bobcats were officially renamed the Charlotte Hornets for the 2014–15 season.
Fact 5) When did Michael Jordan buy the Bobcats?
The NBA’s Board of Governors on Wednesday unanimously approved Jordan’s $275 million bid to buy the Charlotte Bobcats from Bob Johnson. Jordan will take over the team immediately after serving as a minority investor with the final say on basketball decisions since 2006.