Tags: Michael | Jordan | Buys | Bobcats

Michael Jordan Buys Bobcats

Monday, 01 Mar 2010 09:15 AM

Saturday morning, Bobcats majority owner Bob Johnson announced he's selling control of the team to Michael Jordan, the Hall of Fame player who has overseen the Bobcats' basketball operation the past few years, according to a report by charlotteobserver.com.

Jordan beat out former Houston Rockets president George Postolos, who led an investor group looking to buy the team. Johnson contacted Postolos late Friday to inform him that Jordan would be buying the team.

Read more here.

© All Rights Reserved.

1Like our page

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved