Michael ‘Air’ Jordan has reached an agreement to be the new owner of the Charlotte Bobcats. BET founder and current owner Bob Johnson of the Bobcats announced earlier this morning that he would sell the organization to Jordan. It was only a couple of weeks ago that speculation began on the sale of the team so negotiations progressed very quickly. One of the main reasons the deal was done so fast is due to lack of interest from other parties. George Postolos president of the Houston Rockets was speculated as the only other person of note interested in purchasing the team. Jordan has his work cut out for him considering the Bobcats have not won more than 32 games in their first four seasons, but they are currently in ninth place in the Eastern Conference so things could be looking up.
Jordan Buys Bobcats
February 27, 2010 by