Categories: The GM's Suite

Michael Jordan looking to sell half of the Bobcats franchise?

Just two weeks after reporting that Michael Jordan would sell the Charlotte Bobcats in a few years if the team didn’t become profitable, The new York Daily news is now reporting that Jordan is looking to sell half of the franchise for $150 million.

This doesn’t seem to be a far-fetched scenario. Very few teams are owned outright by one individual. Add that into the fact that the Bobcats were one of the teams complaining about losing money during the lockout and that they’ll again probably post losing returns this season. From a purely business standpoint, that makes sense.

Guess we’ll have to wait and see if Jordan responds.

 

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Jill Munroe

Jill Munroe is a Los Angeles-based host, producer, and writer. You can find her work on sites such as FoxSports.com, EURweb.com, and MSN.com. Munroe is a current member of the African-American Film Critics Association and the National Association of Black Journalists. Munroe has also been a frequent guest on ESPN radio and Yahoo Sports. In 2015, Munroe released her first book, "PostGame Pass: access into "the life" JillMunroe.com

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