Michael Jordan does not currently hold majority ownership of any National Basketball Association franchise, having completely relinquished his role as principal governor of the Charlotte Hornets. After serving as the primary majority owner of the team for thirteen years, he finalized a massive transaction selling his controlling stake to an investment group led by Gabe Plotkin and Rick Schnall. However, he retained a small minority ownership percentage, meaning he maintains a minor financial tie to the organization without managing daily basketball operations.