Michael Jordan reportedly will sell Bobcats if he can’t turn a profit in next few years
Michael Jordan is a business man, and losing money is not part of his business plan. That’s why he’s reportedly planning to sell the Bobcats if they don’t improve to the point they’re profitable.
“I told Rich (Cho) to make us better,” Jordan told one associate recently, according to the New York Daily News. “If that doesn’t work and I can’t make a profit in the next three to four years, then I’m selling,” he reportedly said.
MJ reportedly told GM Rich Cho to prepare for another rebuilding season and that the pressure is on to build a winner. The team apparently lost $20 million last season and stands to lose even more money during this season’s disastrous 7-43 campaign.
Jordan’s Bobcats have gone downhill quickly since making the playoffs for the first time in franchise history two seasons ago. Even Charles Barkley criticized MJ as an owner. But if Charlotte lands the top overall pick in the NBA lottery, the rebuilding process would begin with Kentucky forward Anthony Davis. If they hit home runs in two straight drafts, they’ll be in business. They’ll have to otherwise it sounds like MJ is out.
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