
06-03-2009, 02:21 PM
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nap boule
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Join Date: Nov 2005
Posts: 10,211
Points: 15,300,818.12
Bank: 118.89
Total Points: 15,300,937.01
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Jordan to Buy the Charlotte Bobcats?
This is already a few days old, but I didn't see it until today:
Charlotte Bobcats seek buyer (Dealscape - Pipeline)
Quote:
The National Basketball Association's Charlotte Bobcats have hired Galatioto Sports Partners LLC to explore a sale of the team. Salvatore Galatioto, the advisory firm's founder, said the process is in its early stages but that the team has already received "a fair amount of interest." He declined to say how many books were sent out or who was being targeted.
A source familiar with the auction said basketball Hall of Famer Michael Jordan, who already owns a minority stake in the team, is one likely bidder. It is not known whether Jordan has hired a financial adviser or submitted a bid. David Falk, one of Jordan's agents, declined to comment when reached by The Deal.
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