 In February 2010 , it was reported that Jordan was seeking majority ownership of the Bobcats . As February wore on , it emerged that the leading contenders for the team were Jordan and former Houston Rockets president George Postolos . On February 27 , the Bobcats announced that Johnson had reached an agreement with Jordan and his group , MJ Basketball Holdings , to buy the team pending NBA approval . On March 17 , the NBA Board of Governors unanimously approved Jordan 's purchase , making him the first former player ever to become the majority owner of an NBA team . It also made him the league 's only African @-@ American majority owner . 
 In February 2010 , it was reported that Jordan was seeking majority ownership of the Bobcats . As February wore on , it emerged that the leading contenders for the team <a href='uninflect' title='1'><mark>were</mark></a> Jordan and former Houston Rockets president George Postolos . On February 27 , the Bobcats announced that Johnson <a href='been_done' title='2'><mark>had</mark></a> reached an agreement with Jordan and his group , MJ Basketball Holdings , to buy the team pending NBA approval . On March 17 , the NBA Board of Governors unanimously approved Jordan <a href='null_genetive' title='3'><mark>'s</mark></a>purchase , making him the first former player ever to become the majority owner of an NBA team . It also made him the league <a href='null_genetive' title='4'><mark>'s</mark></a>only African @-@ American majority owner . 
In February 2010 , it was reported dat Jordan was seeking majority ownership of the Bobcats . As February wore on , it emerged tdatda leading contenders for the team was Jordan and former Houston Rockets president George Postolos . On February 27 , tdaBobcats announced that Johnson done reached an agreement with Jordan and his group , MJ Basketball Holdings , to buy thdaeam pending NBA approval . On March 17 , the NBA Board of Governors unanimously approved Jordan  purchase , wit em thedarst former player ever to become the majority owner of an NBA team . It also made him the league  only African @-@ American majority owner .