Michael Jordan Interested in Buying the Charlotte Bobcats

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Usually when you hear Michael Jordan’s name in an NBA centered conversation, it is regarding his position as what many consider to be the greatest player to ever play the game of basketball. Today his name popped up because he is thinking of buying the Charlotte Bobcats.
The Bobcats have been very much Michael Jordan’s team, he makes all their decisions and this last season put together the franchise’s best record in five seasons (35-47) after hiring hall of fame coach Larry Brown to lead the team. In this NBA draft, Jordan drafted the son of Celtic great Gerald Henderson, also named Gerald Henderson from Duke University with the 12th overall pick.
Last month the news that majority owner of the Charlotte Bobcats, Bob Johnson is looking to sell the franchise. Jordan is already a minority owner and controls basketball operations, and has expressed interest in holding minority control of the franchise. First he will need to put together a group of buyers.
Bob Johnson is the founder of Black Entertainment Television and was awarded the expansion team in 2003 for a reported $300 million. The team is currently estimated to be valued $284 million. Since the team began play in the 2004-2005 season, they have struggled to sell tickets and sponsorships and Johnson has reportedly lost millions as the city has been hit hard by the recession. Michael Jordan’s star power and loyalty to the city could do a lot for the franchise. Michael Jordan is a legend and the Charlotte Bobcats are in good hands with him at the wheel.


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