Featured, NBA NEWS

Bob Johnson Looks to Sell the Charlotte Bobcats

Published by on May 24, 2009
Article Source: Bleacher Report - NBA

Well, I don't think anyone's surprised by this.

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.


Read Complete Article at Bleacher Report - NBA
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