How much did it cost Michael Jordan to buy the Hornets?

How much did it cost Michael Jordan to buy the Hornets? According to ESPN, Jordan purchased the Bobcats (now the Hornets) in 2010 for $275 million. “Purchasing the Bobcats is the culmination of my post-playing career goal of becoming the majority owner of an NBA franchise,” Jordan said.

According to ESPN, Jordan purchased the Bobcats (now the Hornets) in 2010 for $275 million. “Purchasing the Bobcats is the culmination of my post-playing career goal of becoming the majority owner of an NBA franchise,” Jordan said.