The NBA has signed off on Jordan's purchase.

[carpanfan96]

http://www.nba.com/2010/news/03/12/bobcats.jordan.soon.ap/index.html?ls=iref:nbahpt2

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.

Wow, he purchased the team himself....

[The Question]

That's a rich man.

[rico6]

support this team guys.

if you ever have the opportunity to go to a game, please take advantage of it.

[Britneck]

:party:

Congrats Jordan! See you tonight!

[Jbro]

I plan on taking the family tonight.

[MadHatter]

That's a rich man.

More likely that the deal is highly leveraged.

[HeatCheck]

Is Nelly still part owner?

[ckad79]

Is Nelly still part owner?

I was actually thinking the same thing.

Wasn't Jordan part owner? So didn't he just need to buy out Robert's share? I would assume Nelly would still have his share, but still Jordan owns the majority, he can buy Nelly out of his?

I really don't know... just guessing.

[pdandy1994]

i think hes just is the majority owner.