Michael Jordan can add "owner" to his list of NBA accomplishments. Last night, he agreed to terms to take a controlling-interest in the Charlotte Bobcats
With minutes to go until his exclusive negotiating window was to expire, Jordan struck a deal late Friday night to buy controlling interest of the Charlotte Bobcats, putting the six-time NBA champion in charge of the money-losing team in his home state.
Owner Bob Johnson announced in a statement that he's agreed to sell the Bobcats to Jordan, who has been a part-owner of the team since 2006. Jordan has been running the team's basketball operations.
The purchase price and details of Jordan's ownership group — called MJ Basketball Holdings LLC — weren't immediately available. A spokeswoman for Johnson and a spokesman for Jordan said neither was available for comment early Saturday.