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Charlotte Hornets – NBA Basketball Team

The Charlotte Hornets, an esteemed NBA franchise, first emerged onto the basketball scene in 1988, under the visionary ownership of George Shinn. However, an intriguing twist occurred in 2002 when Shinn relocated the team to New Orleans, where it maintained the Hornets moniker as an expansion team. The ensuing decade saw this New Orleans-based Hornets team undergo a transformation, culminating in a rebranding effort in 2013, leading to the birth of the New Orleans Pelicans.

Intriguingly, a unique arrangement with the NBA materialized, allowing Charlotte to once again grace the hardwood in the 2004–05 NBA season, this time operating as the Charlotte Bobcats. This chapter unfolded until 2013, when a momentous decision was made, announcing a return to the original Hornets identity, effective from the 2014–15 season onward. This symbolic shift marked the reinstatement of the original Charlotte Hornets’ legacy, spanning from 1988 to 2002, with the league’s acknowledgment of a brief operational suspension from 2002 to 2004.

Elevating our narrative to the contemporary era, the year 2023 brought about a significant development in the Hornets’ ownership landscape. News resonated that a consortium of prominent investors, led by Gabe Plotkin and Rick Schnall, had successfully acquired a substantial majority stake in the Hornets. This dynamic acquisition marked a transition from the ownership legacy of Michael Jordan, a legendary figure in NBA history due to his impactful career as a player and subsequent recognition in the Naismith Basketball Hall of Fame. Worth noting is the announcement that, in the same year, Michael Jordan gracefully relinquished his majority ownership interest in the Charlotte Hornets, signaling a notable evolution in the franchise’s journey.

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Contact LePage Johnson Realty Group at eXp Realty: (704) 618-2412

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