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February 4, 2010
Who Will Own The Bobcats?
ESPN.com
by J.A. Adande
Has Bruce Ratner screwed other NBA owners, or has the pro sports bubble screwed Bruce Ratner?
But an NBA source said [Michael] Jordan is not inclined to make a bid for the franchise that matches the number owner Bob Johnson has in mind. It is believed that a group led by Houston investor George Postolos, the former president of the Rockets, has made a higher offer. One source familiar with the negotiations read Johnson's backing away from the sale to Postolos last summer and the continued extension of the process as a desire to give Jordan another opportunity to put together a stronger offer. But with league owners already skittish about the perceived low-price sale of the New Jersey Nets by Bruce Ratner to Russian billionaire Mikhail Prokhorov dragging down franchise values there will be pressure on Johnson to go for the higher bid and not let his relationship with Jordan outweigh the prospect of more cash.
Posted by eric at February 4, 2010 9:31 AM