Jordan tipped as possible buyer

Updated: May 23, 2009, 2:56 AM ET
Associated Press

CHARLOTTE, N.C. -- After losing tens of millions of dollars, the first black majority owner of a major professional sports team is exploring selling the Charlotte Bobcats.

Bob Johnson's decision could pave the way for minority investor Michael Jordan to take control of the team -- if he's willing to meet Johnson's price.

The NBA confirmed Friday that Johnson is using a New York-based sports financial services firm to seek additional investors. Jordan said in February that he'd ...

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