Thursday , Mar , 04 , 2010 Hoopsvibe

Charlotte Bobcats to Sell for $175 Million

If NBA owners approve, Michael Jordan is going to buy controlling interest in the Charlotte Bobcats for a price that values the franchise at about $175 million. This is a big blow to the NBA because current owner Robert L. Johnson paid an expansion fee of $300 million seven years ago and the league has several teams hunting  for investors. Other than right here, I doubt you will see a price for a long, long time in the media.