Jordan expresses interest in buying Charlotte Bobcats - East Valley Tribune: Sports

Jordan expresses interest in buying Charlotte Bobcats

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Posted: Friday, November 7, 2008 11:09 pm | Updated: 8:53 pm, Fri Oct 7, 2011.

CHARLOTTE, N.C. — Michael Jordan said Friday night that he would like to become majority owner of the Charlotte Bobcats when and if Bob Johnson decides to sell the team.

In an exclusive interview with the Charlotte Observer, Jordan said "sure, sure" when asked if he would one day want to increase his minority stake in the Bobcats to a majority share. Said Jordan: "When Bob wants to step aside, I have no problem stepping in and saying, 'Hey, look, I'd love to take control of this franchise.' But Bob, he's not at that point now. He still enjoys owning the basketball team."

Jordan bought an undisclosed stake in the Bobcats in June 2006. He has controlled the basketball operations for the Bobcats for the past 2½ seasons.

Johnson was not available for comment. He has owned the team since he was granted an expansion NBA franchise in January 2003. The Bobcats have struggled with generating business support and attendance since they opened play in November 2004.

Now in their fifth season, the Bobcats have yet to make the playoffs. Johnson has reportedly lost millions and has publicly expressed frustration with the level of financial support from Charlotte's business community. The team laid off approximately 35 employees on the business side shortly before training camp.

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