Saturday , Feb , 27 , 2010 Hoopsvibe

Michael Jordan to Buy Charlotte Bobcats

Robert L. Johnson, the majority owner of Bobcats Sports and Entertainment today announced that 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.

According to the Charlotte Observer, former Houston Rockets president George Postolos said: “I remain committed to becoming an NBA owner, and I’m glad that Michael will continue to bring his talent to the sport and the league.”