NBA BOARD OF GOVERNORS UNANIMOUSLY APPROVE MICHAEL JORDAN $275 MILLION ACQUISTION BID TO BUY THE CHARLOTTE BOBCATS FROM ROBERT JOHNSON

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Jordan said “Purchasing the Bobcats is the culmination of my post-playing career goal of becoming the majority owner of an NBA franchise,” Jordan said in a statement. “I am especially pleased to have the opportunity to build a winning team in my home state of North Carolina.  “I plan to make this franchise an organization that Charlotte can be proud of, and I am committed to doing all that I can to achieve this goal.”

Robert Johnson said, “The best decision I made since acquiring the Bobcats was to convince my friend Michael to become an investor in the Bobcats and to appoint him as managing member of basketball operations.”