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Jordon To Sell The Bobcats? He Says No.

charlotte49er

By charlotte49er,
in Charlotte Hornets

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charlotte49er

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Michael Jordan denies report that he will sell Charlotte Bobcats if things don't improve

Published - Apr 01 2012 11:59PM EST

By Rick Bonnell, The Charlotte Observer, N.C.

April 01—Charlotte Bobcats majority owner Michael Jordan put out a strongly worded statement Sunday, denying he is of a mind to sell the NBA team he bought from Bob Johnson two years ago.

New York Daily News NBA columnist Mitch Lawrence wrote that Jordan has contemplated selling if the team doesn't turn around, both in performance and profitability. Citing an unnamed associate of Jordan's, Lawrence quoted Jordan as saying if he "can't make a profit in the next three to four years, then I'm selling."

Jordan issued the following statement through the Bobcats:

"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."

Bobcats spokesman B.J. Evans said, to his knowledge, Lawrence never contacted the team for comment before publishing Sunday's column.

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