BET founder Bob Johnson is shopping his Charlotte Bobcats, and word is, His Highness, Michael Jordan, is looking to buy. The Charlotte Observer reported Friday that Johnson wants to unload the franchise, of which Jordan has a minority interest and oversees basketball operations. It’s no secret that Jordan would like to be a majority owner. Jordan, the Observer reports, has both the interest and the capital. The question is what Johnson will list as the selling price. If the Observer report is accurate, Johnson will seek at least $325 million. But, it’s also no secret that the Bobcats are finding it tough to turn a profit in this floundering economy. By some estimates, the Bobcats are losing tens of millions. As recently as five months ago, Forbes magazine listed the Bobcats value at $284 million, 29th among 30 NBA teams. “If Michael picked up the phone and said, ‘I’m ready to be the Bobcats’ owner,’ I’d be more than happy to talk to him about it,” Johnson told the Observer last month.

TAGS: Bob Johnson, Charlotte Bobcats, Michael Jordan

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