What is Charlotte Hornets Net Worth?

Last Modified Oct 10, 2023 06:38 GMT
Charlotte Hornets
Charlotte Hornets - Picture Courtesy: Charlotte Hornets’ Twitter account

The Charlotte Hornets are a professional basketball team in the NBA who compete in the Southeast Division of the Eastern Conference. Based in North Carolina, the Hornets have been in the league for more than three decades. Steve Clifford is their current head coach and they play their home games at the Spectrum Center located in uptown Charlotte.

The Charlotte Hornets became a part of the NBA and a runaway hit after the Charlotte Coliseum was built. Players like Kemba Walker, Dell Curry, Glen Rice and Larry Johnson have been a part of the franchise.

Charlotte Hornets Net Worth

According to online sources, the Charlotte Hornets have a net worth of around $1.7 billion as of 2023. The franchise was previously owned by legend Michael Jordan, who sold his majority stake in the team in June 2023 to Gabe Plotkin and Rick Schnall. Jordan still owns a minority stake in the franchise.

The Charlotte Hornets have not won an NBA championship till date. The team is currently looking to build around their star player LaMelo Ball, and will be hoping for a playoff push in the coming seasons.

Charlotte Hornets

Charlotte Hornets History

George Shin, who was an entrepreneur, wanted to establish an NBA team from the area of Charlotte. At the time, college basketball was very competitive in the area. Shin built the famous Charlotte Coliseum established with a sole purpose of serving as a full-time home to an NBA team. After being awarded the position of the 24th NBA franchise, the Charlotte Hornets officially started their journey in the league.

Charlotte Hornets Mascot

The team's official mascot is Hugo the Hornet. While NBA mascot salaries are kept confidential, online sources suggest that Hugo’s salary may be over $100,000 annually. The mascot’s costume is a blue hornet with purple stripes, similar to the team's logo. The designer behind the mascot is Cheryl Henson and the man behind the costume is currently anonymous. However, Michael Zerrillo played Hugo the Hornet for 17 years before retiring in 2007. The mascot was a huge hit with the fans and has won the NBA Best Mascot award twice.

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FAQs

A. Kemba Walker has scored 12,009 points, making him the leading scorer in Hornets history.

A. Spectrum Center located in uptown Charlotte, North Carolina is the Charlotte Hornets home arena.

A. Emeka Okafor of the Charlotte Hornets has the most rebounds in franchise history, at 3,516.

A. The Charlotte Hornets' Muggsy Bogues leads the franchise in steals at 1,067.

A. The Charlotte Hornets were originally inducted into the league in 1988.

A. The Charlotte Hornets are sponsored mainly by Feastables, which is a food brand created by YouTube celebrity MrBeast.

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