Jordan is the new controlling owner of the ‘Cats

Michael Jordan (GoogleSearch)

(Thanks to @InTheBleachers for the head’s up on this). And it’s official, it seems, from a small blur by the AP that Michael Jordan will now be the controlling owner of the Charlotte Bobcats. A spokesperson for owner Bob Johnson told the Associated Press that Jordan, or better said “MJ Basketball Holdings, LLC”, had been able to get an ownership group and buy the team. No news yet on how much money it took for this transaction to happen, and of course this needs to be approved by the NBA’s owners. It should be an interesting time for the Bobcats as Michael Jordan will go from running the basketball side of the team to running the whole franchise. I will also love to find out how much of the Bobcats Jordan’s partnership bought overall.

Let me congratulate Michael Jordan on this great new venture he is going to embark in. Hopefully one day he will have done as much for that franchise as he did for North Carolina and Chicago.

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