NBA Owners Approve Bobcats Sale

The National Basketball Association’s (NBA) Board of Governors has voted
unanimously to approve the purchase by Michael Jordan of a majority interest in Bobcats Sports & Entertainment (BSE). The investment gives Jordan a controlling interest in the companies that operate the NBA’s Charlotte Bobcats and Time Warner Cable Arena, located in uptown Charlotte. After a Hall of Fame career, Jordan is the first former player to become the majority owner of an NBA team