Michael Jordan becomes part-owner of Charlotte Bobcats

                                                                                         

Jordan will become the largest individual owner of the Bobcats after Johnson. Jordan will become the Managing Member of Basketball Operations for the Bobcats group.

Jordan bought a considerable piece of the Bobcats on Thursday, becoming the second-largest individual investor behind Johnson. He was named the managing member of basketball operations, and will instantly turn his attention to help general manager Bernie Bickerstaff prepares for the NBA draft.

Jordan who led the Chicago Bulls to six NBA championships and won five MVP awards, bought into Johnson's accessible portfolio of media, entertainment and financial services. He's also the first black owner of any professional franchise.

The Bobcats ranked 28th after their first season in the outdated Charlotte Coliseum then moved into a new $265 million arena last season. Eventhough; the arena received rave reviews, the Bobcats sold out only seven of 41 games and attendance ranked 22nd in the NBA.

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