Michael Jordan has made his first (of I assume many) franchise moves and chosen to become the controlling owner of the Charolette Bobcats NBA franchise.

M.J’s purchase is significant for a few reasons:

1.) Jordan becomse the second black majority owner of an NBA franchise, Bob Johnson the previous owner of the Bobcats as the first.

2.) The Bobcats are hugely in debt — with about 150 MM in the hole.

So, M.J’s purchase will really show if he has the business savvy to make it!

ESPN