Jordan Officially Approved as Bobcats Owner

by March 17, 2010

Success breads success, or so that’s the thinking. We’ll see if Money can bring money to Charlotte as well (via the Charlotte Observer): “The NBA’s Board of Governors has voted unanimously to approve the purchase by Michael Jordan of a majority interest in the Charlotte Bobcats. The investment gives Jordan a controlling interest in the companies that operate the Bobcats and Time Warner Cable Arena, located in uptown Charlotte. After a Hall of Fame career, Jordan is the first former player to become the majority owner of an NBA team. ‘Purchasing the Bobcats is the culmination of my post-playing career goal of becoming the majority owner of an NBA franchise. I am especially pleased to have the opportunity to build a winning team in my home state of North Carolina,’ Jordan said in a release. ‘I plan to make this franchise an organization that Charlotte can be proud of, and I am committed to doing all that I can to achieve this goal.'”