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Michael Jordan may lose $1.5M

Updated: August 15, 2012, 12:17 AM ET
ESPNChicago.com

Michael Jordan stands to lose as much as $1.5 million in a possible foreclosure of a gym he invested in, according to multiple reports.

The Chicago Sun-Times and Chicago Tribune reported that a judge recently rejected a Chapter 11 bankruptcy filing by the company of Tim Grover, who owns Attack Athletics Gym on Chicago's West Side. Grover filed for bankruptcy in April in order to stave off foreclosure, according to the papers, but a judge dismissed the filing on July 11.

Grover's ...

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