Michael Jordan Reaches Deal to Buy Bobcats

[Doc]

Hmmmm .... good or bad thing for the Charlotte Bobcats and the NBA?

Retired basketball icon Michael Jordan bought a majority share of the NBA's Charlotte Bobcats, officials said Saturday.

Jordan, who was already a minority owner of the team, headed a group that bought a majority share of the team from businessman Robert Johnson, Johnson said in a statement.

Johnson said he has signed a "definitive agreement" to sell majority interest of Bobcats Sports and Entertainment to Michael Jordan and MJ Basketball Holdings, LLC. The deal is subject to NBA approval. Details on the purchase price were not available.

Source - Click here

[Apollo]

Good thing I think. I think went through his growing pains in Washington and now its his time to do this right. Good for him.

[Bendit]

MJ should still rely on a talent evaluator/gm for the team. He has not had a good record.

[Apollo]

Well we both know that's not going to happen. MJ's ego will fill up the room.