See how it works in the video. The classic neon lamp is made of a glass tube containing a mixture of neon (99.5%) and argon gas. There are two electrodes, one positive, and the other negative. Voltage rises and an arc is struck between.
Jordan first became an investor in the Hornets (then the Bobcats) in 2006 and became the controlling owner in 2010 when he bought out Robert Johnson for $175 million. In January we valued the Hornets at $410 million.
Michael Jordan Becomes Majority Owner of Charlotte Bobcats. Hall of Famer and six-time NBA champion Michael Jordan is now majority owner of the Charlotte Bobcats. According to ESPN, the NBA Board of Governors approved Jordan's $275 million purchase of the team on Wednesday. MJ has been serving as a minority investor with final say on basketball decisions since 2006, and he will now take over the team from former owner Bob Johnson.