Michael Jordan’s Gym Investment Going Bad

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One of Michael Jordan’s $1.5 million investments, Attack Athletes Gym, is going under. The loss may not hurt Mike’s pockets because some might say he is rich.

The 65,000 square-foot gym has four basketball courts and a 10,000  square-foot weight room. The gym is facing foreclosure after a judge rejected a bankruptcy bid by owner, Tim Grover.

Grover built close relationships with athletes like Jordan, Dwayne Wade and Tracy McGrady to build the gym. He heled revitalize Chicago’s West Side and have a positive influence on athletes. He now has liens amounting to $12 million.

Read more at  http://www.eurweb.com/2012/08/michael-jordans-gym-investment-going-under/#qLe2komR5GqM67P5.99

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