Michael Jordan could have approval to buy Bobcats in a week

Charlotte, NC - Associated Press - March 12, 2010 12:05 PM ET

The NBA has signed off on Michael Jordan's bid to buy the Charlotte Bobcats.

Commissioner David Stern expects the league's board of governors to approve the purchase by the end of next week.

In an interview with The Associated Press on Friday, Stern says 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.

Stern says Jordan is the sole investor in the ownership group, but expects him to try to find local partners. Jordan has been a part-owner of the Bobcats and has had the final say on all basketball decisions since 2006.

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