The panel of governors unanimously approved the sale NBA's Charlotte Bobcats Michael Jordan.
NBA commissioner David Stern, said in a statement Wednesday he was pleased that the purchase of 275 million dollars has been closed as quickly and smoothly.
Jordan is the main shareholder in the group buy, but is expected to try to find local partners. The deal includes taking over 150 million in eudendamiento, cover future losses and to make future capital improvements.
Franchise is expected to lose about 30 million this season.
Jordan said he will not comment until it was approved as an owner. He was part owner of the Bobcats with the final decisions in basketball since 2006.
NBA commissioner David Stern, said in a statement Wednesday he was pleased that the purchase of 275 million dollars has been closed as quickly and smoothly.
Jordan is the main shareholder in the group buy, but is expected to try to find local partners. The deal includes taking over 150 million in eudendamiento, cover future losses and to make future capital improvements.
Franchise is expected to lose about 30 million this season.
Jordan said he will not comment until it was approved as an owner. He was part owner of the Bobcats with the final decisions in basketball since 2006.
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