Ukopick

Michael Jordan buys team in the NBA for $175 million

The legendary basketball player Michael Jordan is close to what to formally become the owner of the youngest NBA – Charlotte Bobcats. All details of the transaction between the parties had already agreed, and now the sale must be approved by the League itself, after which the new owner finally come into its own.

In this case, according to the SportingNews, with reference to the Internet version of the magazine Forbes, the market value of “lynx” seriously declined in spite of the fact that the team continually invest. According to the publication, a controlling stake, which is going to acquire six-time NBA champion, will cost him $175 million.

For comparison, we may use an amount of 300 million – that is how much the previous owner Robert Johnson paid for entry into the league.