…Craig Ehlo, Bryon Russell, and every other guy who tried to get in his way during his heyday. Now Michael Jordan is set to become part owner of the Charlotte Bobcats.
Robert L. Johnson, founder of BET and majority owner of the NBA’s Charlotte Bobcats, will enter into a venture with Michael Jordan to invest in business opportunities in media, entertainment and financial services.
As part of Jordan’s investment in Johnson’s existing portfolio, Jordan will become the largest individual owner of the Bobcats after Johnson. Jordan will become the Managing Member of Basketball Operations for the Bobcats ownership group.
“I’m excited to join Bob, and invest alongside one of the most astute businessmen I know,” said Michael Jordan. “I am also looking forward to providing my advice, where needed, to Bobcats’ management in order to put the best possible team on the court.”
If you remember, the last time MJ played GM (for the Wizards), things didn’t turn out very well – Kwame Brown, anyone? But if Isiah Thomas and Kevin McHale still have jobs running teams, certainly MJ deserves another chance, though it sounds like this will be in more of a support role. The Bobcats are in good fiscal shape and with a couple of free agent signings over the next two summers, Charlotte could quickly become a playoff team in the East.
