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June 16, 2006 @ 4:15 pm
Michael Jordan Named Part Owner of Charlotte Bobcats
Jordan, a six-time NBA title winner with the Chicago Bulls, has become part-owner of the Charlotte Bobcats. As a part-owner, Jordan will additionally assume the role of team president for the upstart franchise.
right With the move, the 43-year-old Jordan joins primary owner and BET founder Bob Johnson, as one of the few African-American duos in all of professional sports to serve in such lofty positions. Rap star Nelly is also a minority owner of the Bobcats.
Arguably the most popular player to ever play the game, Jordan’s arrival, albeit along the sidelines, is expected to jumpstart what has been a rather sluggish gate reception for the three-year-old team. Despite a new state-of-the art arena and their own television network, the Bobcats ranked 22nd in home attendance last season.
Charlotte owns the third overall pick in the upcoming NBA Draft and with more than $20 million available under the salary cap, is expected to be among the most active teams on the free-agent market.
Article tags: Michael Jordan Named Part-owner Of Charlotte Bobcats
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