Michael Jordan Has No Bite As NBA Owner
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By DERON SNYDER
Considering the Charlotte Bobcats’ status as one of the NBA’s laughingstocks — currently on a seven-game losing streak and in possession of the league’s worst record — fans were probably heartened by a recent report involving team owner Michael Jordan. Arguably the NBA’s all-time greatest player but a lousy owner, Jordan reportedly is considering selling the team if he continues to lose millions on his investment.
“I told [General Manager Rich Cho] to make us better,” Jordan told one associate recently, according to the Daily News. “If that doesn’t work and I can’t make a profit in the next three to four years, then I’m selling.”
Jordan joined the franchise in 2006 as managing member of basketball operations for then-owner Robert Johnson and took over as owner in 2010. The Bobcats have produced one winning season with Jordan’s fingerprints on the team, compiling an overall mark of 188-232 — not including this year’s 7-43 record, which makes Charlotte the NBA’s only team with fewer than 10 wins.
But before fans could take to the streets to celebrate his impending departure, Jordan said that the report isn’t true. “I was disturbed to hear the false report that I intend to sell my majority interest in the Charlotte Bobcats,” Jordan said Sunday in a statement. “I am 100 percent committed to building the Bobcats into a contender and have no plans to sell the team.”
