Friday March 12, 2010

Undated---The NBA has signed off on Michael Jordan's bid to buy the
Charlotte Bobcats.

Commissioner David Stern expects the league's board of governors
to approve the purchase by the end of next week.

In an interview with The Associated Press on Friday, Stern says
he expects the vote to pass "very easily." Jordan will become the
first ex-player to own an NBA team and the second black majority
owner. He'll replace the first, Bob Johnson, who has lost tens of
millions of dollars.

Stern says Jordan is the sole investor in the ownership group,
but expects him to try to find local partners. Jordan has been a
part-owner of the Bobcats and has had the final say on all
basketball decisions since 2006.

(Copyright 2010 by The Associated Press. All Rights Reserved.)