Jordan approved as owner of Charlotte Bobcats
Michael Jordan was unanimously approved as controlling owner of the Charlotte Bobcats team by the NBA Board of Governors on Wednesday.
\”We are pleased that Michael Jordan\’s purchase of majority ownership of the Bobcats was approved by the NBA\’s Board of Governors and closed in such a smooth and expeditious fashion,\” NBA Commissioner David Stern said in a statement.
\”We look forward to the continued growth of the Bobcats, on and off the court, under his leadership.\”
Hall of Famer Jordan was already an investor and head of basketball operations for the team, which was previously owned by Bob Johnson, who became the first African-American to own an NBA club when he bought the team in 2003.
Terms of the deal were not disclosed.
On 2010-03-04, In basketball, By admin
