The Charlotte Hornets are a professional basketball team that competes in the National Basketball Association's Eastern Conference Southeast Division. The Hornets were founded in Charlotte, North Carolina in 1988 by George Shinn, before relocating to New Orleans in 2002. In 2013, the New Orleans Hornets rebranded to become the New Orleans Pelicans and returned the Hornets name and records to Charlotte. The Charlotte Bobcats, established in 2004, officially adopted the original name for the 2014/15 NBA season.
The Hornets currently play their home games at the Spectrum Center in Uptown Charlotte. During the 2019/20 NBA season, the average regular season home attendance for a Hornets game was 15,438 per game and total attendance for that season amounted to 478,591. The Hornets generated around 240 million U.S. dollars in revenue in the 2018/19 season, with an operating income of 39 million U.S. dollars for that same year. The Charlotte Hornets’ current principal owner is former NBA all-star player and six-time Finals winner, Michael Jordan. Jordan acquired the franchise in 2010 with a purchase price of 175 million U.S. dollars.
Success for the Hornets has been limited, with the franchise having never achieved a conference or divisional title. The Hornets nevertheless have a strong presence on social media, with a combined total of around 2.7 million fans and followers on Facebook and Twitter.
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