Michael Jordan told team executives recently that if the team's on-court fortunes don't turn around within a few years, he'll look to sell the Charlotte Bobcats, reports Mitch Lawrence of the New York Daily News. Jordan bought the team in 2010 from founder Robert Johnson. Jordan had previously owned a small stake in the Washington Wizards.
The Bobcats are the NBA's worst team at 7-43. Charlotte has unabashedly stripped the club of most veterans in order to pick up high draft picks and rebuild with youth. The Bobcats have been in the playoffs just once since their 2004 debut.
Lawrence reports that MJ told general manager Rich Cho and other basketball execs that if this rebuild effort doesn't result in a winner and a team that doesn't bleed millions of dollars every year within the next 3-4 seasons, he'll look to sell. A new revenue-sharing deal that came out of the NBA lockout should make it easier for Charlotte to become profitable, so long as the Bobcats can get buy-in from local fans. It's difficult to do that with a 7-43 record and stunningly few exciting players.
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