Michael Jordan Says He Has No Plans To Sell The Bobcats

The “Charlotte Observer” reported on Sunday that Charlotte Bobcats Team Owner and NBA legend Michael Jordan categorically denied a report from the “New York Daily News” that he has contemplated selling the franchise within the next three to four years unless there is improvement on the court as well as at the box office. The member of the Basketball Hall Of Fame purchased the Bobcats from the club’s original owner Robert Johnson in March of 2010 and the team in the first year of rebuild mode has a record of 7-43 so far this season.

Jordan issued a statement through the team while he was in Las Vegas, where he was hosting the 11th Annual Michael Jordan Celebrity Invitational Golf Tournament this weekend. The statement read “I was disturbed to hear the false report that I intend to sell my majority interest in the Charlotte Bobcats. I am 100% committed to building the Bobcats into a contender and have no plans to sell the team.”

B.J. Evans speaking for Charlotte told members of the media that he was unaware of any contact by the columnist or the paper to verify validity of the story before it ran. The article also stated that Jordan was relying heavily on General Manager Rich Cho to turn the fortunes of the team around. Cho, who is in his first year with the team after spending one season as General Manager of the Portland Trail Blazers in an e-mail to the Observer, also denied the report.

After reaching the Post Season for the first time in the history of the franchise in 2010, the team went through a season of upheaval last year; as they parted company with former coach Larry Brown and hired current bench boss Paul Silas. Charlotte blew things up in the off-season and drafted point guard Kemba Walker and big man Bismack Biyombo last June. The club knew heading into this campaign that they would take their lumps this season; although having the worst record currently in the Association maybe worse than the team’s brain-trust expected it to be.

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