 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 <unk> . 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 . 
