CHARLOTTE, N.C. (AP) -The Charlotte Bobcats are for sale and Michael Jordan is interested.
First, he has to put an ownership group together.
Jordan said Thursday night that he “would like to put together a team” that would buy the Bobcats from majority owner Bob Johnson. Johnson was the first black majority owner of a major professional sports team and is looking to sell after significant financial losses.
Jordan bought a minority stake in 2006 and Johnson gave him the final say on all basketball decisions. Jordan said in February that he’d like to eventually gain majority control, but hadn’t addressed the issue since the news last month that Johnson was seeking a buyer.
Jordan didn’t elaborate on whether he’s close to securing investors. Johnson paid $300 million for the expansion team. The Bobcats were 35-47 last season.
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