The Charlotte Hornets franchise has experienced multiple organizational shifts over the years, including changes in ownership and various rebuilding phases designed to reshape the team's competitiveness. After George Shinn originally founded the team, subsequent eras saw the franchise relocate temporarily before returning to Charlotte under the Bobcats moniker, later reclaiming the historic Hornets name and color palette. In recent years, long-time majority owner Michael Jordan sold his controlling stake to a new ownership group led by Gabe Plotkin and Rick Schnall, pivoting the organization toward a youth-centric roster rebuild focusing on high draft picks and player development.