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November 09, 2008

Will Jordan buy out Johnson?

Michael Jordan wants to own majority interest in the Bobcats, and it will be interesting to see how long he’s willing to wait.

Jordan, a minority owner with control of basketball decisions, said in Scott Fowler’s interview that he’s ready to buy whenever majority owner Bob Johnson is willing to sell control. Certainly he has the resources, either on his own or through people who’d love to back Jordan.

Here’s where it gets more interesting: I hear, from people connected to Jordan’s inner circle, that he can extract himself from the ownership group, for whatever he paid, at certain junctures in the agreement he signed with Johnson.

I’m also told one of those junctures is the end of this year. And I wonder if that makes way for Jordan to either seize some sort of succession plan, or move out.

The real question might be what the team is fairly worth right now. I doubt anyone would make Johnson whole, which would mean paying him more than $330 million.

Jordan is used to buying things at a discount and having his way. But he’s more engaged in the Bobcats’ success than ever before, so let’s see what transpires.

Posted by rbonnell on November 9, 2008 at 11:11 PM | Permalink

Comments

What you obviously don't know is that MJ and Robert johnson are involved in a series of projects to include a multi billion gaming company based in the Caribbean.

MJ likes money and money is what he will continue to make as long as he and Robert Johnson are partners.

MJ is not going anywhere! He will make more money with Bob than he will without him!

Posted by: Dick Goldberg | Nov 10, 2008 10:32:38 AM

MJ's ego is way too big to sell out now. Walking away now makes him a second time failure leading an organization. The other possibility of him taking over as majority owner makes more sense. Robert Johnson never cared for the team in the first place it was to make money. So having MJ buy out the world's cheapest billionaire allows Mr. Johnson to save face and take a Greyhound bus back to D.C. Addition by subtraction. Don't let the door hit you on the way out Bob!

Posted by: Cgmi184 | Nov 10, 2008 12:39:24 PM

I doubt very seriously that MJ has the kind of cash required to buy rest of Bobcats. His ex has large chunk of his change. It would have to be leveraged by outside sources or some of Mike's high rolling buddies.

Posted by: eduardo | Nov 10, 2008 1:35:25 PM

i'd like to see jordan's net worth. he's still making bank from his shoe and clothing line.

he could afford the 'cats.

Posted by: frank | Nov 10, 2008 2:03:25 PM

First order of business: change the nickname. Second order of business: change the team colors. (I'm thinking some sort of insect with purple and teal).

Posted by: Amittai | Nov 10, 2008 2:25:11 PM

Bonnell, any thoughts on the Wallace, Harrington, Bargnani trade rumors?

Posted by: Bro D. | Nov 10, 2008 4:21:48 PM

tell them to get starbury from the knicks and curry

Posted by: nommel | Nov 10, 2008 7:14:18 PM

Maybe MJ should play for the bobcats that would be interesting

Posted by: Jose' | Nov 10, 2008 8:46:22 PM

We should trade our entire team except for Morrison and Ajinca for Kobe Bryant. MJ could come down from the box and put on the 'ole 23. Then we can get the rights for Earl Boykins from Europe. Just think about it. 5 of the best players to walk onto the court. Can you say Championship?

Posted by: Ricky | Nov 10, 2008 9:29:12 PM

MJ is one of the most trusted and admired winners of all time. It is like an individual who has a perfect credit. He can buy whatever he wanted to buy. Investors will be willing to associate themselves just to be mentioned as part of the his legacy. There is nobody in sports history more marketable than Jordan especially when he was playing. If I were MJ, I'll buy the Golden State Warriors instead. It will be hitting 2 birds with one stone. He will have an opportunity to rival or work with the Maloofs' in Sacramento who also own a casino and the Lakers with the best player in the world right now and be Kobe's party pooper.

Posted by: Jorlando | Nov 10, 2008 11:09:13 PM

Right now.. the Bobcats are in a "rebuilding" state. Whatever you want to call it, i dont like it. The team- out of shape, lazy, and selfish. Your SG is underacheiving, your PG cant find his way, Sean May, your 'franchise' player is no where near close to 100%, your PF isnt productive, and you still dont have that "go-to-guy". Wait, well you do, J.Richardson and G.Wallace, but they arent perfoming as expected. Larry Brown has a nice resumee, but MJ HAS to fix this team up. I'd like to see MJ take control, see what he can do, and turn the Bobcats into a easter conference contender in 2-3 years.

#Take in mind the New-Knicks, and the New-Heat#

Posted by: Kamil | Nov 10, 2008 11:16:51 PM

i think jordan got enough money to buy the team i don't think Bob Johnson care about the team so johnson should sell it to jordan. i guarntee that if jordan buy the team, he will make that team a champion in a few years.

Posted by: ayana | Nov 11, 2008 12:15:54 AM

Hopefully MJ really not choose wrong team to own. I don't think Bobcat was a good team for him to own now. This team still not the time to get champion.

Posted by: Eddie | Nov 11, 2008 12:26:48 AM

I think MJ should play for a few more yrs, he is to young to own a franchise. If he is still interested with basketball and sitting on the sidelines he should play. In the long run MJ would make more money playing than owening a team. I even think Charles Barkley should play along side Jordan that would be something to watch for and Larry Bird, now Larry never did make a come back and just think the fab. 3 would be nonstopable.

Posted by: Paul | Nov 11, 2008 1:36:37 AM

To Jose,

You Know nothing about basketball.
Jordans been outta playing shape for years plus he's over 45. Why would he risk hurting his legacy? To play with the most overrated player in Kobe Byrant? Earl Boykins best PG in the world?? Morrison and Anjica the best players at the 4 and 5 spots????
Either your 5 years old or you redefine the meaning or IGNORANT.

Posted by: JOSE-AN-IDIOT | Nov 11, 2008 2:57:09 AM

Here is a idea on what he should do. Buy the Sixers, and bring back Iverson.

Posted by: Serge | Nov 11, 2008 4:07:02 AM

MJ is a true winner the best player ever to play the game.Hopefully he will take charge for everything Bobcats is concern.I really love the idea dealing some of there players like J-Rich plus any package around him for some prospect players or opt to wait and shop for the best players which have expiring contracts on summer 2010.

Posted by: Tristan | Nov 11, 2008 4:24:26 AM

Jordan is buying the Bobcats because North Carolina is his hometown!!! Can't you remember???!!! The school he played for in College!!! You can't tell him to buy any other franchise!! Its hometown!!! He'll rebuild it!! Hope he'll take control!!

Posted by: Dj | Nov 11, 2008 6:30:53 AM

Ok,
you asked for it let M.Jordan buy those sorry cats who cares they are never going to amount to anything anyway players will always want to play with the lakers or celtcs or knicks for that matter they already have a legacy intact. Really who wants to play for dem sorry cats anyway all they do is loose.

Posted by: db | Nov 11, 2008 6:37:01 AM

MJ..MJ..MJ..THE GREATEST PLAYER EVER TO PLAY BASKETBALL...CHANGE YOUR PLAYER THEY ALL LAZY...YOUR PAYING THEM FOR NOTHING...

Posted by: the few the proud | Nov 11, 2008 6:37:06 AM

MJ is always going to be over criticized no matter what he does. Whether or not he buys out Johnson really doesnt matter. The Bobcats need some vets with winning experience to show these idiots how to play. The talent exsists but the chemistry is sad.

Posted by: fat | Nov 11, 2008 9:40:58 AM

I think MJ shold go ahead and buy the cats there good they just need someone with experiance to help them out and MJ has it J.Richardson and Wallace can do anything and there rookie D.J. Augstin can get to the rim anytime he wants

Posted by: Kendrick J | Nov 11, 2008 10:12:02 AM

Earl Boykins is not the best PG in the world yea the shortest PG in the world everybody know's Steve Nash is the BEST THERE IS IN THE NBA AND EUOROPE RIGHT NOW..................

Posted by: Rick Ross | Nov 11, 2008 10:14:44 AM

I'd rather watch Deron Williams or Chris Paul over either of those two. Nash was and still is one of the best but the new comers are young and hungry and will show that they can and will be as good as Nash and possibly better.

Just cuz your MJ doesnt mean everything he touchs turns to gold, thats King Midas(sp). MJ failed with the Wizards and at basteball. As was stated earlier, no one wants to play for the Bobcats, at best they will be a mediocre team that few if any will care to watch.

Posted by: setting it straight | Nov 11, 2008 11:05:05 AM

I totally agree, just because your MJ doesn't mean you can turn the world around in all cases.

Posted by: chickmagnetstuff | Nov 11, 2008 11:39:38 AM

well first of all earl boykins is def. not one of the best basketball players to ever walk on the court and second of all morrison and the other guy suck ass as well so you got kobe and mj haha

Posted by: jay | Nov 11, 2008 12:06:47 PM

MJ was the best the game has ever seen and everyone is too judgemental of him. He's only human just like everyone else, I'm sure everyone has failed at a lot of things, but it doesn't matter if he failed at baseball, he did that for his dad when he died and he was the best player for the wizards when he played. He gets knocked for drafting Kwame Brown who is just lazy and thats not MJs fault, he gave the kid a chance. He'll attract a big name star like LeBron James or D-Wade or Carmello in a few years and that will turn the team around.

Posted by: Paul | Nov 11, 2008 12:24:01 PM

Im not saying MJ can't turn around a team, but you get these people that idolize MJ like hes God and created everything you see just because he can play basketball. Being an MJ fan is one thing, worshipping the ground he walks on is another. After all as you stated, "he is only human just like everyone else."

Posted by: setting it straight | Nov 11, 2008 1:20:27 PM

So MJ wants to revamp the Bobcats. Ok thats fine. This is how hes gotta do it.

Step 1: Buy the Bobcats

Step 2: Trade Gerald Wallace for Eddy Curry and Stephon Marbury of the New York Knicks, or to Toronto for Andrea Bargnani and a draft pick.

Step 3: Hope for the best with this line up:

Starters

G-Marbury
G-Richardson
F-Morrison
F-Okafor
C-Curry

Bench

G-Felton/Augustine
G-Carrol/Brown
F-May/
C-Mohammed

Posted by: Freddy | Nov 11, 2008 2:33:59 PM

Do you really thing MJ has what it takes to build a good solid team. Any one remember his n°1 draft while with the Wizards?

Posted by: Paul | Nov 11, 2008 2:41:04 PM

I can see alot of you fools don't know anything but what people tell you or what you see on sports center so I'm not expecting much but come one now Freddy...Eddy Curry? This guy is so outta shape he can't make a difference/get any playing time in New York. He's lazy,now hurt, outta shape, and a cancer to any team. Just ask Chicago fans, not a guy you wanna build around. Marbury is virtually the same player, a score first point guard with a bad attitude and can't get along with anyone. Build a team around him? Bargnani does nothin for the bobcats at all but become another soft interior man for people to kick around and them to release in the future. Sean May has to get in better shape to even think about coming off the bench, you have to decide what to do with felton and Augustine because they can't both be coming off the bench in the future, and you certainly can't put Marbury over both of them if your grooming one of the to be the future point guard. Morisson deserves his shot to see if he can be a starter for this team in years to come but the line up and moves you just named are ridiculous bro.

Posted by: Beez | Nov 11, 2008 3:00:18 PM

why would they trade their best player (Gerald Wallace) for 2 players in the NBA that accomplish nothing?

Posted by: Mario Chalmers | Nov 11, 2008 5:28:37 PM

MJ should acquire mark caguioa and jayjay helterbrand.. there the best players who could carry the bobcats to become a championship contender... or Mj should buy the ginebra gin kings...

Posted by: ulrich | Nov 11, 2008 6:25:11 PM

Why not hire Robert Jaworski for their coach? And get Nelson Asaytono or Johnny Abarrientos or Vergel Meneses. You can always try Asi Taulava. :D

Posted by: Popovz | Nov 11, 2008 6:46:31 PM

oo nga! oo nga!

Posted by: junjun | Nov 11, 2008 8:18:29 PM

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