Rumor: Michael Jordan to sell Bobcats if they don’t improve?
Nearing the end of another lost season as Bobcats owner, Jordan recently told his GM, Rich Cho, to start planning for a rebuilding campaign. He also dropped a bombshell, telling Cho and other deputies that if this one doesn’t produce a winner and he continues to lose millions over the next “three to four years,” then he intends to sell the team.
“I told Rich to make us better,” Jordan told one associate recently. “If that doesn’t work and I can’t make a profit in the next three to four years, then I’m selling.”
HoopsVibe’s Very Quick Call: Listen closely and you’ll hear the clock ticking on the NBA’s second go-around in Charlotte.
After all, Michael Jordan is threatening to sell the Bobcats if things don’t improve. This won’t inspire the causual fan to get behind the team.
In fact, it will do the opposite.
Remember, the people of Charlotte have dealt with George Shinn destroying their Hornets and moving the club to New Orleans.
Then there was Bob Johnson, the first owner of the expansion Bobcats. The former 106 & Park Tsar had such alligator arms he made Suns’ owner Robert Sarver look generous and extravagant.
Johnson ran the team into the ground before Jordan, a minority owner and executive, bought him out a couple of years ago.
Initially, Jordan had success adding veterans. Now ‘His Airness’ is in full make-over mode, selling established assets for picks, cap space, and young talent.
Starting over was probably the right move; however, Charlotte fans have been through a lot and may not have the patience for a project.
Threatening to sell the team won’t help, either. A local owner will be hard to find, especially with Kansas City, Orange County, and Seattle hungry for an NBA team.
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