Hooped Up

It is now signed sealed and delivered with proof of the press conference and Michael Jordan is the first former player to become a majority owner of a NBA franchise after he purchased the Charlotte Bobcats from Bob Johnson for an estimated cool $275 million.

“If you had asked me 5, 10 years ago if I would be here with the opportunity to own a basketball team, I would have never believed it,” Jordan said at Time Warner Cable Arena. “Yet it’s a dream come true for me.

“I just want the city to experience what winning is all about.”

The Bobcats have lost $100 million under Bob Johnson, and Jordan hopes to turn that around to save NBA basketball in North Carolina.

The National Basketball Association’s (NBA) Board of Governors has voted unanimously to approve the purchase by Michael Jordan of a majority interest in Bobcats Sports & Entertainment (BSE).

The investment gives Jordan a controlling interest in the companies that operate the NBA’s Charlotte Bobcats and Time Warner Cable Arena, located in uptown Charlotte. After a Hall of Fame career, Jordan is the first former player to become the majority owner of an NBA team.

“Purchasing the Bobcats is the culmination of my post-playing career goal of becoming the majority owner of an NBA franchise. Read More »

Remember when the bad boys ruled in Motown, the city of angles had showtime and the greatest player ever reigned supreme in chi town — and everywhere else?

Well if you do, K1X now has a t-shirt for that too with the Finals Em Vee Tee.

Take a trip back in the day after the jump.

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Michael Jordan, arguably the greatest player in basketball history, has reached a deal to buy an NBA franchise.

Mr. Jordan has agreed to buy a majority interest of the Charlotte Bobcats from Robert L.Johnson, the team’s majority owner, according to a statement released by Mr. Johnson Saturday. The deal is subject to league approval.

Terms of the deal weren’t disclosed, but the sale price is based on a franchise value of less than $300 million–”in the mid-to-high twos,” said a source familiar with the matter.

Wall Street Journal

Sit back and watch New York street artist WK Interact bring the intimidating power of Dwyane Wade to life on the streets of Manhattan. Beautiful graff work!

The nine-month saga that is the sale of the Charlotte Bobcats could be resolved in the next three days, possibly today.

Sources close to the situation anticipate a quick resolution, as to whether Bobcats managing partner Michael Jordan or ex-Houston Rockets president George Postolos will close a deal with majority owner Bob Johnson.

Jordan’s window of first-refusal to buy the team is close to expiration, sources say, and he was still recruiting partners this week to invest $260 million or more to complete a purchase of Charlotte’s NBA franchise.

Jordan has repeatedly declined interview requests on his effort to buy the team.

Charlotte Observer

Michael Jordan has been retired from the NBA for nearly 7 seasons, is now 47 years young and still shaves his head. So it’s possible he could have a shock of silver running through his fro if he grew it out, but his 25th anniversary collection is definitely silver.

The Jordan 2010 kicks have been making its web rounds over the last few months and now they are going back to college, complete with uniforms to match them in a hover car futuristic silver colorway.  North Carolina, Georgetown and Cal will all model the collection and who knows, Marcus Jordan might just do his own thing for University of Central Florida.

Yesterday, Jordan’s alma mater UNC wore the complete 2010 Silver Anniversary uniform versus Florida State; tonight, Cal will wear them against Arizona; and Saturday, Georgetown will wear them against Notre Dame.

Peep the silvery goods below.

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Available in March, the Jordan Icons look like the love child of an Air Jordan XX3 and AJXX union, yet it has enough characteristics on its own to form a separate personality. Bless with Jordan design DNA, the Icons posses the new 23/25 logo and features superior fit, comfort and versatility in a team shoe built to perform at the highest levels of on-court competition.

Video and more pics of the Jordan Icons, after the jump.

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The way Michael Jordan owned New York in the 90’s and shattered their dreams nearly every time he laced them up in Madison Square Gardens. You would never the Knicks and Michael Jordan would ever have anything good in common.

Well, hold the phone Samuel! Cause the Air Jordan Alpha 1 with a New York Knicks colorway, shuts down that notion like an important Charles Smith lay up denied by Horace Grant, Michael Jordan and Scottie Pippen (pump fake dammit!). Read More »

While I was knee deep in my database and you were out laughing, dancing, drinking and watching the Super Bowl. LeBron James and Dwight Howard remixed a class much better than Will.i.am could and it made me almost want to eat McDonald’s — okay maybe it wasn’t that good, but it was still pretty good is all I’m saying.

Respect the 1993 McDonald’s original after the jump.

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