Friday, March 19, 2010

Michael Jordan Invested $220 Million In The Bobcats!

Michael Jordan was officially introduced as the majority owner of the Charlotte Bobcats yesterday. The Charlotte Observer reports that the team is valued at $275 million and that Jordan owns about 80percent of the team which equates to an investment of about $220 million. Jordan has to be commended for making a commitment to the only pro basketball team in his home state.

Charles Barkley has said that Jordan is one of the most financially savvy people he knows, so for Jordan to make this type of financial commitment proves that he's serious about making the Bobcats a success. The fact that he's the first pro basketball player to be a majority owner is monumental and could be Jordan's greatest success over and above him being the greatest basketball player of all time.


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