Jordan new owner of bobcats
CHARLOTTE, N.C. -- He has been called the NBA's greatest player and one of the country's top pitchmen.
Now Michael Jordan is ready for a new title: NBA owner.
With minutes to go until his exclusive negotiating window was to expire, Jordan struck a deal late Friday night to buy controlling interest of the Charlotte Bobcats, putting the six-time NBA champion in charge of the money-losing team in his home state.
Owner Bob Johnson announced in a statement that he's agreed to sell the Bobcats to Jordan, who has been a part-owner of the team since 2006. Jordan has been running the team's basketball operations.
The purchase price and details of Jordan's ownership group -- called MJ Basketball Holdings LLC -- weren't immediately available. A spokeswoman for Johnson and a spokesman for Jordan said neither was available for comment early Saturday.
Re: Jordan new owner of bobcats
I thought Jordan was a savoy businessman but this doesn't seem like a good investment.