CHARLOTTE — Michael Jordan’s Charlotte Hornets are worth $1.77 billion, an increase of 11% over last year, according to new NBA valuations published this week by Sportico.
Jordan, chairman of the Hornets, bought a majority interest in the team in 2010. He paid $239 million, adjusted for inflation.
Charlotte ranks 26th among the 30 NBA clubs in value. Sportico calculated the average value went up 16%, to $3 billion, compared with December 2021. The median value is $2.38 billion.
The Hornets ranked 24th in revenue last season, according to the publication, generating $273 million.
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