Jordan gets part ownership of Charlotte

June 15, 2006 at 10:43 PM

CHARLOTTE, N.C., June 15 (UPI) -- NBA legend Michael Jordan Thursday became part owner of the Charlotte Bobcats.

The venture with majority owner Robert Johnson makes Jordan the second-largest individual owner of the club behind only Johnson.

Jordan was named managing member of basketball operations.

"I'm thrilled to have my friend, Michael Jordan, join me in my business and sports pursuits," Johnson said. "I not only respect Michael for his basketball knowledge and expertise, but also for his business skills, particularly in branding and marketing."

Jordan, a former part owner of the Washington Wizards, was a six-time NBA champion with Chicago, and led the NBA in scoring 10 times. He has been featured in numerous high-profile endorsement deals and his Jordan Brand -- a division of NIKE -- has become a fixture in the athletic shoes and apparel market.

"I am looking forward to providing my advice, where needed, to Bobcats' management in order to put the best possible team on the court," he said.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Tiger Woods' playing partner Steve Stricker wants the 'old Tiger back'
Texas Rangers' Hamilton promises cautious approach
Cowherd has very awkward interview with Michigan's Harbaugh
UFC title-bout pullout has MMA chirping
Love: 'I'm going back to Cleveland'