Featured, NBA NEWS
Bob Johnson Looks to Sell the Charlotte Bobcats
Published by Matt Mercer on May 24, 2009
Article Source: Bleacher Report - NBA
Bob Johnson, the founder and principal owner of the Charlotte Bobcats, is looking to sell the team ASAP. Johnson hired an investment banker to help facilitate a sale of the team. According to sources in the NBA and the Charlotte Observer, Johnson wants his initial investment back of some $330 million for the team.
The big question, of course, is whether Michael Jordan will put together a deal to take over the team, a goal he seems to have had since he purchased a stake in the team a few years ago.
As a resident of Charlotte since 2005, I've not been impressed with the way Johnson has dealt with the city and business leaders in Charlotte.
J...
Read Complete Article at Bleacher Report - NBA
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