The Charlotte Bobcats are a professional basketball team based in Charlotte, North Carolina. The team is part of the Southeast Division of the Eastern Conference in the National Basketball Association. The Bobcats were established in 2004 as an expansion team, two seasons after Charlotte's previous NBA team, the Charlotte Hornets, relocated to New Orleans and became the New Orleans Hornets. The Bobcats play their home games at Time Warner Cable Arena in uptown Charlotte.
Charlotte's NBA Development League team is the Maine Red Claws. The Bobcats were also the brother team of the Charlotte Sting of the WNBA before the Sting folded on January 3, 2007.
The Bobcats are currently for sale by majority owner Robert Johnson. Johnson paid $300 million for the franchise in 2003. However, Forbes currently estimates the team's value at $284 million. Michael Jordan, a minority owner and head of basketball operations, has shown interest in putting together a group to purchase majority control in the team.