Jordan calls owning Bobcats 'dream come true'

A few hundred season ticket holders watched Johnson hand the team to Jordan in an event at Time Warner Cable Arena on Thursday night. Johnson, the first black majority owner of a major professional sports team, lost tens of millions of dollars annually as the city struggled to warm to the expansion team that replaced the New Orleans-bound Hornets.Jordan didn't in his role the past four years as a minority investor with the final say on basketball decisions. Jordan was rarely seen at games or practices and was criticized for a couple of early decisions: drafting the disappointing Adam Morrison No. 3 overall in the 2006 draft, and hiring the inexperienced Sam Vincent as coach.
And the 69-year-old Brown, in his record ninth NBA head coaching job, is always a threat to leave. While he has two years left on his contract, there have been reports linking him to jobs with the Los Angeles Clippers and Philadelphia 76ers. Brown's wife, Shelly, lives in Philadelphia with their kids.
Jordan indicated he doesn't plan to get into luxury tax territory with payroll "until we go deep" in the playoffs. He stressed that he wanted Charlotte to "experience what it's like to win" and is confident he can create another milestone by doing that as an owner.