Michael Jordan Becomes the First Ex-NBA Player to Become An Owner of an NBA Team!

[VNewz...]

NBA BOARD OF GOVERNORS UNANIMOUSLY APPROVES SALE OF CHARLOTTE BOBCATS TO
MICHAEL JORDAN

NEW YORK, March 17, 2010 – The NBA Board of Governors has unanimously
approved the acquisition by Michael Jordan of a controlling interest in the
Charlotte Bobcats.

"We are pleased that Michael Jordan's purchase of majority ownership of the
Bobcats was approved by the NBA's Board of Governors and closed in such a
smooth and expeditious fashion,” said NBA Commissioner David Stern. “We
look forward to the continued growth of the Bobcats, on and off the court,
under his leadership."