Charlotte Bobcats Net Worth is277 $Million
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The Charlotte Bobcats are a professional basketball team based in Charlotte, North Carolina. They play in the Southeast Division of the Eastern Conference in the National Basketball Association. The Bobcats were established in 2004 as an expansion team, two seasons after Charlotte's previous NBA team, the Charlotte Hornets, relocated to New Orleans. The team is owned by former NBA player Michael Jordan, who acquired the team in 2010. The Bobcats play their home games at Time Warner Cable Arena in center city Charlotte. As of the end of the 2011a??12 season, the Bobcats have compiled a record of 229a??411. In their 8-year history they have qualified for the postseason just once, which was during the 2009a??10 season when they achieved a record of 44a??38.
When the Charlotte Hornets relocated to New Orleans in 2002, the NBA promised Charlotte leaders that the city would be granted an NBA expansion team for the 2004a??05 season. Several ownership groups, including one led by former Boston Celtics star Larry Bird, made bids for the team. On December 18, 2002, a group led by Black Entertainment Television founder Robert L. Johnson was awarded the franchise, allowing him to become the first majority African American owner in U.S. major professional sports. The rapper Nelly became another notable co-owner.
In June 2003, the team was named the Bobcats. The Charlotte Regional Sports Commission aided with the "Help Name The Team" effort that drew over 1,250 suggestions. During the summer of 2003, at a street festival that attracted an overflow crowd of 7,000 fans, the Charlotte NBA expansion franchise unveils "Bobcats" as the team name. The bobcat, according to the North Carolina Wildlife Commission, is an athletic, fierce predator indigenous to the Carolinas.Charlotte, already being home to the Carolina Panthers of the National Football League, made the cat-related name a likely choice for the area's new basketball team.[citation needed] There was also 'sports-talk' sp

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Charlotte Bobcats Latest News

Veterans with connections to Hornets who could fill in for Cody Zeller

He worked with Steve Hetzel, now an assistant with Charlotte, when Hetzel was a player development coach for the Pistons from 2008 until 2010. Brown then played for the Bobcats (now the Hornets) during the 2010-11 season. When he recently played for the ...
Posted: December 11, 2017, 6:08 pm

Michael Jordan Held Players-Only Meeting with the Hornets

Marvin Williams spoke to the Charlotte Observer about what went down ... In his seven previous seasons as the boss, the Bobcats/Hornets have made it to the playoffs three times, only to get knocked out in the first round all three times.
Posted: December 10, 2017, 12:00 am

Michael Jordan holds rare meeting with struggling Hornets players

Jordan bought a minority stake in the Charlotte Bobcats in 2006, becoming the team's second-largest shareholder behind majority owner Robert L. Johnson. He then became the majority owner of the franchise in March of 2010.
Posted: December 11, 2017, 1:39 am
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