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Hornet: NBA basketball team based in Charlotte, North Carolina, playing in the Eastern Conference, founded 1988, sold for $3 billion in 2023.
Hornet is a professional basketball franchise based in Charlotte, North Carolina, United States, competing in the NBA Eastern Conference. The organization recently underwent a significant ownership change, with its majority stake sold for $3 billion in August 2023. This transaction saw ownership transition from NBA legend Michael Jordan, who retains a minority stake, to a group led by Rick Schnall and Gabe Plotkin. Historically, the team has demonstrated strong fan engagement, leading the NBA in attendance for its initial eight years from 1988, consistently drawing nearly 24,000 fans per game, and has achieved 10 playoff appearances. Notable figures associated with the franchise include original owner George Shinn, Robert L. Johnson who founded the Bobcats iteration, and former majority owner Michael Jordan. The original team was established in 1988 by George Shinn, later re-founded as the Bobcats in 2004, and subsequently renamed the Hornets in 2014.
Hornet has raised $8.5M across 2 funding rounds.
Hornet has raised $8.5M in total across 2 funding rounds.
Hornet has raised $8.5M in total across 2 funding rounds.
Hornet has raised $8.5M across 2 funding rounds. Most recently, it raised $8.0M Series A in November 2016.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 22, 2016 | $8.0M Series A | ||
| Jul 31, 2012 | $500K Other Equity |