Michael Jordan should be approved as the new owner of the Charlotte Bobcats by the end of next week, according to NBA comissioner David Stern.
Stern said Friday that he expect’s the league’s board of governors to approve Jordan as the league’s first player-turned-owner in a vote expected to take place next week.
The league has already approved His Airness for ownership of the Bobcats, which he purchased for a reported $275 million from former owner Bob Johnson.
“He considers himself a North Carolina native and he’s quite anxious to make this team into an important part of the community,” Stern said. “I think he has the capacity and the will to do that. I think he’s the right majority owner at the right time.”
“I think it’s fair to say he can afford it,” the comissioner added.