Michael Jordan, widely regarded as one of the greatest basketball players of all time, has left an undeniable mark on the sport. With his incredible skills and unmatched competitiveness, Jordan brought six NBA championships to the Chicago Bulls during the 1990s. His legacy, however, extends beyond his playing career as he found himself in the world of team ownership. But does he still own the Washington Wizards?

The Ownership Journey

Michael Jordan’s ownership journey began in 2000 when he acquired a minority ownership stake in the Washington Wizards. At that time, he was still an active player, making this a unique situation. Jordan’s involvement with the team went beyond just being a player as he had a voice in the team’s decision-making process.

Throughout his tenure as a player for the Wizards, Jordan demonstrated his leadership skills, both on and off the court. His influence helped shape the team’s direction and fostered a winning culture. However, after the 2002-2003 NBA season, Jordan announced his final retirement as a player.

A Shift in Role

Following his retirement, Jordan’s focus shifted towards team ownership. In 2010, he officially became the majority owner of the Charlotte Bobcats, now known as the Charlotte Hornets. This move demonstrated Jordan’s commitment to taking on a more significant role in shaping the future of a franchise.

Despite his ownership of the Hornets, many people still associate Jordan with the Washington Wizards due to his iconic playing days and early ownership involvement. However, it’s essential to note that he no longer has any ownership stake in the Washington Wizards.

The Future of the Washington Wizards

The Washington Wizards are now owned by Monumental Sports & Entertainment, a company led by Ted Leonsis. Leonsis has been at the helm since 2010 and has overseen the team’s progress and development since then.

While Michael Jordan no longer owns the Washington Wizards, his impact on the team and the city of Washington, D.C., cannot be understated. Despite his success with the Bulls and later as an owner with the Hornets, Jordan’s legendary status ensures his involvement in the NBA is always remembered fondly.

In Conclusion

Although Jordan’s ownership journey with the Washington Wizards ended years ago, his legacy lives on. His time with the team marked a transition from a playing career to a more prominent ownership role. Now the majority owner of the Charlotte Hornets, Jordan continues to make an impact on the NBA as one of the most influential figures in the history of the sport.

  • Michael Jordan acquired a minority ownership stake in the Washington Wizards in 2000.
  • Jordan’s involvement with the team went beyond playing as he had a voice in the decision-making process.
  • He became the majority owner of the Charlotte Bobcats (now Hornets) in 2010.
  • While he no longer owns the Washington Wizards, his contribution to the team and city is remembered.
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