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Jordan becomes part-owner of Bobcats

Updated: June 16, 2006, 1:00 AM ET
ESPN.com news services

CHARLOTTE, N.C. -- Michael Jordan is back in the NBA, resuming his basketball career in the state where it started.

Jordan became part-owner of the Charlotte Bobcats on Thursday in a deal that gives him a stake in most of majority partner Robert Johnson's ventures.

Jordan

Jordan's investment makes him second only to Johnson as the largest individual owner of the Bobcats.

Johnson, who spent $300 million on the expansion Bobcats in 2002, said Jordan ...

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