Michael Jordan does not own an NFL team. His prominent experience as a team owner was with an NBA franchise, the Charlotte Hornets.
While Michael Jordan is a legendary figure in sports, his ownership endeavors in professional leagues have been primarily focused on basketball. He made history as the sole Black majority owner across the NBA, NFL, or MLB for a period. His significant foray into sports ownership began in 2010 when he acquired a majority stake in the Charlotte Hornets, an NBA team.
Jordan's Ownership History
Jordan's tenure as the majority owner of the Charlotte Hornets spanned over a decade. During this time, he was a unique figure in sports management, bringing his unparalleled basketball acumen to the front office.
Here's a brief overview of his major sports ownership:
| League | Team Owned by Jordan | Ownership Type | Ownership Period (Approx.) | Initial Investment (Approx.) | Sale Price (Approx.) |
|---|---|---|---|---|---|
| NBA | Charlotte Hornets | Majority Stake | 2010 – 2023 | $275 million | $3 billion |
| NFL | None | N/A | N/A | N/A | N/A |
Sale of the Charlotte Hornets
In 2023, Jordan made headlines again by selling his majority stake in the Charlotte Hornets. This was a strategic business decision that yielded a substantial return on his initial investment. Having purchased the team for approximately $275 million in 2010, he sold his majority share for an estimated $3 billion. This transaction underscored his astute business sense, demonstrating significant profit from his venture into sports ownership.
Despite his former status as the only Black majority owner across these major professional leagues—NBA, NFL, or MLB—his direct ownership was exclusively linked to the NBA's Charlotte Hornets.
