Jordan soon to get reins of Bobcats

Updated: March 13, 2010, 4:00 PM ET
Associated Press

The NBA has signed off on Michael Jordan's bid to buy the Charlotte Bobcats, and commissioner David Stern expects the league's board of governors to approve the $275 million purchase by the end of next week.

In an interview with The Associated Press on Friday, Stern said he expects the vote to pass "very easily." Jordan will become the first ex-player to own an NBA team and the second black majority owner. He'll replace the first, Bob Johnson, who has lost tens of millions of dollars annually.

"He ...

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