NBA board approves sale of Bobcats to Jordan

Basketball Betting Lines

03/17/2010 - New York, NY (Sportsbook Betting Lines) - The NBA Board of Governors made it official on Wednesday by unanimously approving Michael Jordan's acquisition of a controlling interest of the Charlotte Bobcats.

Jordan and MJ Basketball Holdings, LLC reached an agreement to purchase the majority of the team from Bobcats owner Bob Johnson in late February, but was awaiting official approval by the league.

"We are pleased that Michael Jordan's purchase of majority ownership of the Bobcats was approved by the NBA's Board of Governors and closed in such a smooth and expeditious fashion," said NBA commissioner David Stern. "We look forward to the continued growth of the Bobcats, on and off the court, under his leadership."

Johnson, the founder of Black Entertainment Television, became the first black American to be the principal owner of a North American major-league sports franchise when Charlotte began play in 2004.

Jordan joined the Bobcats ownership group in June 2006 and served as the team's managing member of basketball operations, the same position he held with the Washington Wizards earlier in the decade.

As a five-time league MVP, six-time champion and two-time gold medal winner, Jordan has few rivals in regards to his game on the court.

The North Carolina native's stints in the front office, however, have come under some scrutiny.

First was the tumultuous 2003 split with the Wizards after 3 1/2 unsuccessful years with the organization as president of basketball operations, a position he held while he was finishing up his playing days.

Now in Charlotte, Jordan has rarely been seen at team practices or games despite calling the shots on all personnel transactions.

His most notable move thus far was luring fellow Hall-of-Famer, and North Carolina alum, Larry Brown to coach the team at the start of the 2008-09 season.

The Bobcats have never made the playoffs, but, entering Wednesday, sit in the sixth position in the Eastern Conference race with a 34-32 record this season.

Wwwsportnews Basketball Betting News

<< Van Bommel inks Bayern extension
Munich, Germany (Sportsbook Betting Lines) - Bayern Munich captain Mark van Bommel has agreed to a contract extension that will keep him at the club through the end of next season. Van Bommel's contract was set to expire at the end of the curren

<< Diamondbacks sign P Benson to minor league deal
Tucson, AZ (Sportsbook Betting Lines) - The Arizona Diamondbacks have signed veteran pitcher Kris Benson to a minor league contract, the team announced Wednesday. The 35-year-old appeared in eight games (two starts) in 2009 with the Texas Range

<< Report: Seton Hall fires hoops coach Gonzalez
Newark, NJ (Sportsbook Betting Lines) - Seton Hall has reportedly fired head men's basketball coach Bobby Gonzalez. The Star-Ledger reported that on Wednesday, the school forced out Gonzalez, who was in his fourth season with the team. The

<< Kiessling commits future to Leverkusen
Leverkusen, Germany (Sportsbook Betting Lines) - Bayer Leverkusen have secured the future of Germany international Stefan Kiessling until the summer of 2015 with a new contract. Kiessling has been rewarded with a new long-term deal on the back

<< Penn out as Portland's VP of basketball operations
PORTLAND, Ore. (AP) -The Portland Trail Blazers have dismissed Tom Penn as vice president of basketball operations.The team issued a statement that said Penn was dismissed Tuesday for ``philosophical differences.'' No details were offered.Penn, who

March Madness: NBA style >>
Philadelphia, PA (Sportsbook Betting Lines) - When watching the NCAA Tournament, I'm not holding my breath waiting for Cinderella to appear like most of America. Nope, I'm all about the next level and trying to project which players have the athletic

NASCAR's March Madness begins with Bristol >>
Bristol, TN (Sportsbook Betting Lines) - Series: NASCAR Sprint Cup. Date: Sunday, March 21. Race: Food City 500. Site: Bristol Motor Speedway. Track: .533-mile oval. Start time: 1:00 p.m. (et). Laps: 500. Miles: 266.5. 2009 winner: Kyle Busch. Television

Harvick looking for another win at Bristol >>
Bristol, TN (Sportsbook Betting Lines) - Series: NASCAR Nationwide. Date: Saturday, March 20. Race: Scotts Turf Builder 300. Site: Bristol Motor Speedway. Track: .533-mile oval. Start time: 2:30 p.m. (et). Laps: 300. Miles: 159.9. 2009 winner: Kevin Harv

Eagles cut ties with OL Andrews >>
Philadelphia, PA (Sportsbook Betting Lines) - The Philadelphia Eagles released offensive lineman Shawn Andrews on Wednesday. "We appreciate the efforts and contributions of Shawn while he was in Philadelphia," said head coach Andy

Report: Rangers manager Washington tested positive for cocaine >>
Surprise, AZ (Sportsbook Betting Lines) - Texas Rangers manager Ron Washington reportedly tested positive for cocaine during the 2009 season. According to a report from SI.com, Washington failed the test last July, but has passed all his t

MySportsbook.com - The World's Leading Online Sportsbook

For more than 11 years now, MySportsbook.com has been the World’s BEST online sports book website, providing a safe and secure place for sports wagering. Our world-class level of experience and industry sportsbook expertise is unmatched.

Offering a wide array of sports to wager on, MySportsbook.com leaves no stone unturned in our search to provide you with great football betting lines and online blackjack options. From teasers to parlays, from futures to wacky propositions, we add more game excitement than any other sportsbook. Fully licensed in two gaming jurisdictions, MySportsbook.com is open and eager to assist you 24 hours a day, seven days a week.

Whatever the sporting event, this online sportsbook has you covered. Enjoy some of sport’s most memorable moments that much more with MySportsbook.com. With increased interest, follow the game-winning field goal, the walk-off homerun, the buzzer-beater or the hole-in-one shot. Bank on that clutch glove save, the upset TKO or an incredible Hail Mary pass. MySportsbook.com quenches your thirst for action.

To visit this online blackjack got to MySportsbook.com for all your Sportsbook accepts credit cards needs.