With minutes to go until his exclusive negotiating window was to expire, Jordan struck a deal late Friday night to buy controlling interest of the Charlotte Bobcats, putting the six-time NBA champion in charge of the money-losing team in his home state.
Owner Bob Johnson announced in a statement that he’s agreed to sell the Bobcats to Jordan, who been a part-owner of since 2006. Jordan has been running the team’s basketball operations.
The purchase price and details of Jordan’s ownership group – called MJ Basketball Holdings LLC – weren’t immediately available. A spokeswoman for Johnson and a spokesman for Jordan said neither man was available for comment early Saturday. CHARLOTTE, N.C. (AP)
