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Shade
06-15-2006, 07:43 PM
http://www.insidehoops.com/jordan-bobcats-061506.shtml


Michael Jordan is new Bobcats part owner
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Bobcats News | June 15, 2006

Robert L. Johnson, founder of BET and majority owner of the NBA’s Charlotte Bobcats (http://www.insidehoops.com/teams/charlotte-bobcats.shtml), announced today that he will enter into a venture with Michael Jordan to invest in business opportunities in media, entertainment and financial services.

As part of Jordan’s investment in Johnson’s existing portfolio, Jordan will become the largest individual owner of the Bobcats after Johnson. Jordan will become the Managing Member of Basketball Operations for the Bobcats ownership group.

“I’m thrilled to have my friend, Michael Jordan, join me in my business and sports pursuits,” said Robert L. Johnson, Chairman and CEO of The RLJ Companies and the Charlotte Bobcats. “I not only respect Michael for his basketball knowledge and expertise, but also for his business skills, particularly in branding and marketing. Michael will provide invaluable management input to a Bobcats team that is poised to deliver results for the 2006-2007 season and beyond.”

“Our joint venture will allow Michael to invest in private equity, hedge funds, financial services, real estate, film production, and other business interests that my holding company, The RLJ Companies, is pursuing,” continued Johnson.

“I’m excited to join Bob, and invest alongside one of the most astute businessmen I know,” said Michael Jordan. “I am also looking forward to providing my advice, where needed, to Bobcats’ management in order to put the best possible team on the court.”

About The RLJ Companies

The RLJ Companies (“RLJ”), founded by Robert L. Johnson, founder of Black Entertainment Television, owns or holds majority interests in a diverse portfolio of companies in the financial services/asset management, real estate, hospitality, professional sports, film production, gaming and recording industries. An innovative business network, The RLJ Companies seeks to target undiscovered or underserved markets, then exercise solid management and achieve exceptional results. RLJ is located in Bethesda, Maryland, and currently has operations in New York and San Francisco.

About Michael Jordan

An NBA legend, Jordan virtually rewrote the record book. He played 13 seasons for the Chicago Bulls, leading the league in scoring a record 10 times. His 30.1 points per game average is the highest in NBA history and, with 32,292 points, he ranks 3rd on the all-time scoring list. Jordan led the Chicago Bulls to 6 NBA Championship titles and was named NBA Finals MVP during each of those series. A 5-time regular season MVP, in 1991 and 1992, he became the only player to win back-to-back regular season and Finals MVP awards. Off the court, Michael Jordan has also proven to be a successful businessman. Since its creation, his Jordan Brand (a division of NIKE) has been an innovator of athletic shoes and apparel. The Jordan Brand has grown to become a market leader under Mr. Jordan’s creative design input.

InsideHoops.com Editor Says: This is a very positive move for the Bobcats. Some may point to Jordan's ups and downs (especially the downs) when he was running the Washington Wizards, but it's silly to not give MJ the benefit of the doubt as he gives it another shot. Jordan instantly adds more respectability to the young Bobcats. He helps simply by being around.

:lol:

Kaufman
06-15-2006, 07:47 PM
I hope he does well. While he certainly has his flaws, I admire the guy for what he's done basketball wise and business wise. I'd like to see him be successful in this venture of his life. Its an obvious move for Jordan, a tarheel native and I think that will make his stake in this more than the one he had in Washington.

vapacersfan
06-15-2006, 08:57 PM
I hope he does well. While he certainly has his flaws, I admire the guy for what he's done basketball wise and business wise. I'd like to see him be successful in this venture of his life. Its an obvious move for Jordan, a tarheel native and I think that will make his stake in this more than the one he had in Washington.

Well after the stint he had here with the Wizards, he cant go anywhere but up.....

BoomBaby31
06-15-2006, 10:33 PM
Well after the stint he had here with the Wizards, he cant go anywhere but up.....

Thats true..

admire him business wise? What has he done in the business world that hasn't fed off his name? Not a dig just a question, I know the one "real" business owning the Wizards didn't work out to well.

Kaufman
06-15-2006, 11:14 PM
Why can't business be based on your name?

He's sure capitalized well off of it -- better than other superstar athletes in basketball and other sports.... He knows how to market himself and that's impressive, I think there's something to learn from it.

Robertmto
06-16-2006, 02:20 AM
He was horrible in DC. Horrible.

JayRedd
06-16-2006, 02:14 PM
He was horrible in DC. Horrible.

You mean you weren't pleased by the Kwame Brown Era? Or the Rip trade?

Leisure Suit Larry
06-16-2006, 05:13 PM
Why can't business be based on your name?

He's sure capitalized well off of it -- better than other superstar athletes in basketball and other sports.... He knows how to market himself and that's impressive, I think there's something to learn from it.

I'm sure he had people telling him what to do. I seriously doubt he went out to companies and marketed himself.

Robertmto
06-17-2006, 12:39 PM
You mean you weren't pleased by the Kwame Brown Era? Or the Rip trade?

No, I was fine with him passing on Tyson Chandler, Pau Gasol, Eddy Curry, Jason Ricardson, and countless others.

:mad:

Hicks
06-19-2006, 11:26 PM
I didn't realize Jordan was essentially running the show from this move. From Ford's latest mock draft, specifically his comments about the Bobcat's #3 pick:



The skinny: Now that Michael Jordan is running the show in Charlotte, all of the information we had on the Bobcats is out the window. Owner Bob Johnson made it clear that Jordan, now one of the owners of the franchise, has the final say over all personnel decisions -- that includes the draft.

GM Bernie Bickerstaff worked out both UConn's Rudy Gay and Gonzaga's Adam Morrison and was impressed with both. Gay has more long-term potential, while Morrison is more polished and ready to contribute. I think Bickerstaff prefers Gay.

But I don't think Jordan is a fan of either. From all the evidence we can gather, Roy is the guy. If Roy goes No. 2, it could be Tyrus Thomas.

http://insider.espn.go.com/nba/draft2006/insider/columns/story?columnist=ford_chad&page=MockDraft-060619

Robertmto
06-20-2006, 12:03 AM
and the GAY slip begins...

Gyron
06-20-2006, 09:04 AM
According to the News down here in Charlotte, Jordan is the man here with Robert Johnson now taking a back seat on everything regarding the team.

The Bobcats are in serious trouble with ticket sales and attendance.


Their announced attendance average for the season was like 12,000 but they also had the highest number of average comp tickets at nearly 3,000 tickets per game.

Of the 9000 some purchased tickets only like 4-5000 were full season ticket packages, a dramatic decline from their first season. They were the first team to ever get a new arena and see season tickets, sales and attendance all go down in the first year of their new arena.

This Jordan move is plain and simple a move to put butts in seats. They are pushing the crap out of the news that Jordan will attend most if not all home games. They are not shy about the fact that they hope his presence alone will boost ticket sales.

The team is hemmoraging money and all of the owners are getting very nervous. And apparently from the all of the news reports, there are SEVERAL local minority share holders. And all of them have had to answer multiple cash calls in the last year.

Thier PR department is working overtime. I swear there is a story every week in the Charlotte business journal about them and what they are doing to improve ticket sales, and in the newspaper almost daily.

They dropped ticket prices nearly 38% on most of the seats. They are giving away between $100 and $250 Lowe's gift cards with all season ticket purchases, with the exception of the $199 ticket package. And yes, the $199 ticket package is a full 43 game package, averaging out to $5 per game.

Rumor has it, if they can't make a go of it in the next two years, the team might go up for sale....

Kegboy
06-20-2006, 09:31 AM
If they're willing to find me a good job and move me down there, I'll get tickets.

Gyron
06-20-2006, 09:43 AM
Well, a new report came out recently that the Nascar industry we have based here, generates 4.5 Billion in income for the Charlotte region.

Hendrick Motorsports employees more than 30 Engineering PHD's alone.

Got any experience in Nascar?

grace
06-21-2006, 12:34 AM
Got any experience in Nascar?

He's driven go-karts twice and had bad wrecks both times. Does that count?


If they're willing to find me a good job and move me down there, I'll get tickets.

I'm not moving down there and I'm sure as :censored: not getting tickets if Michael Jordan is even a remote owner. You know you won't have any fun if I don't go to the games with you.

Kegboy
06-21-2006, 12:22 PM
He's driven go-karts twice and had bad wrecks both times. Does that count?

Hey, the Bodine's don't run Cup anymore, I think there's a demand for my skills. Plus, NASCAR doesn't run any elevation road-races like Monterrey, so I'd be fine.

Anthem
06-21-2006, 10:14 PM
Well, that ensures they'll keep drafting poorly.

Robertmto
06-21-2006, 10:28 PM
Well, that ensures they'll keep drafting poorly.

:laugh: True