In ownership role with the Charlotte Bobcats, Jordan switches into sales mode.
Speculation continues as to why Bob Johnson sold the Bobcats for a bargain price.
The transaction was historical and informative.
(AP) — Former Charlotte Bobcats owner and billionaire Bob Johnson told a group of mostly black business people Saturday that the Carolinas’ largest city has an arrogant business community that doesn’t do enough for black-owned businesses. Johnson’s comments were reported by The Charlotte Observer. “Charlotte is a very, how would I call it, close-knit, arrogant, […]
Michael Jordan became the first former NBA player to become majority owner of a basketball franchise on Wednesday when the NBA Board of Governors unanimously approved the sale of the Charlotte Bobcats to the hall of famer. The deal also marks the first time two African Americans have exchanged the majority ownership of a major […]