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Johnson Still Trying to Sell

Discussion in 'Charlotte Hornets' started by Shapecity, Aug 19, 2009.

Shapecity S2/JBB Teamster Staff Member Administrator

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The Charlotte Observer reports negotiations are ongoing which could see the ownership of the Charlotte Bobcats change from Bob Johnson to George Postolos. According to the newspaper, sources inside and outside the franchise anticipate the ownership question being resolved in the next two weeks.

The team has lost a lot of money and is carrying a debt in excess of $100 million.
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Source: Charlotte Observer

Shapecity, Aug 19, 2009

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