(CNN) — Retired basketball icon Michael Jordan bought a majority share of the NBA’s Charlotte Bobcats, officials said Saturday.
Jordan, who was already a minority owner of the team, headed a group that bought a majority share of the team from businessman Robert Johnson, Johnson said in a statement.
Johnson said he has signed a “definitive agreement” to sell majority interest of Bobcats Sports and Entertainment to Michael Jordan and MJ Basketball Holdings, LLC. The deal is subject to NBA approval. Details on the purchase price were not available.
Jordan has overseen the team’s basketball operations in recent years. He won six NBA titles with the Chicago Bulls.
Johnson, who founded BET and sold it to Viacom for $3 billion in 2001, announced that he had been looking for someone to buy earlier this year.
His fortune was depleted by an expensive divorce, but in a 2009 interview with CNN, Johnson estimated his net worth was still $1.1 billion.
Johnson’s resume is full of firsts: BET was the first African-American owned company traded on the NYSE. He was the first African-American billionaire in the United States. And, in 2002, he became the first African-American majority owner of a professional sports franchise.
By: Ash Cash
I was given the great opportunity to review this book (Mind Right, Money Right: 10 Laws of Financial Freedom), and what a great read it was. From beginning to end, I was amazed at how much I learned from this book; from the great financial advice to the success stories of some of the wealthiest people on earth, I was intrigued and inspired to be all that I can be.
Here a few things I got out of this book and I hope you get a copy for yourself and feel the same way as I.
The 10 Laws listed are very important, and the book describes each law very detailed, I was hooked on every law. They are all so true and even if we think we “know this” already, I recommend getting the book and going over it again.
The 10 Laws:
I. Always Be Confident
II. Keep a Positive Mental Attitude
III. Pay Yourself before Your Bills
IV. Budget Your Expenses
V. Plan for the Future
VI. Own Property
VII. Make Your Money Work for You
VIII. Invest Your Money Wisely
IX. Never Stop Learning
X. Always Be Hungry
The laws teach you how to be a better you overall, financially, mentally, physically, and emotionally. The book is filled with positive motivation and that “push” that most of us need to make that change in our lives, especially when it comes to getting things done. If you’ve read: The 48 Laws Power
, Richest Man in Babylon
, The Automatic Millionaire
, The Greatest Salesman in the World
or any of OG Mandino’s
books, you’ll find Mind Right, Money Right to be a brilliant book filled with the knowledge of these other great books. It’s what I would call “The Only Financial Book You’ll Ever Need.” This book is filled with many pros, an easy read, a reference book and I highly recommend it.
The book has a few minor cons that I must mention in order to be totally honest with you (my readers), these cons do not take away any of the pros I’ve mentioned above and I still recommend that you pick up a copy.
One of the cons that I found was a few grammatical and spelling errors, that can be easily corrected.
Other than that, Mind Right, Money Right: 10 Laws of Financial Freedom
is a must read book this year, so go ahead and add this to your New Year’s Resolution… As a matter of fact, Ash Cash
& KMP Blog
is giving away ONE (1)
lucky reader a FREE
copy of the book. Just leave a comment below and a winner will be randomly selected.
The winner will be selected Friday, February 26, 2010.
Starting with the power of self confidence this lecture/workshop discusses in detail how having a positive mental attitude, paying yourself first, budgeting, and planning for the future are all ways to immediately change your financial situation. The participants will be shown how their mindset plays a tremendous role in creating financial abundance. By using examples of successful people such as Sean Combs (P Diddy), Tyler Perry, Oprah Winfrey, Shawn Carter (Jay-Z), Curtis Jackson (50 Cent), and many others, the participants are given a real life account of how these laws have worked for others.
Hip-Hop has become a permanent fixture in popular culture. From the days of the break dance and graffiti art to Hip-Hop in commercials, schools, and politics. There’s no denying its impact to the world. Hip-Hop & The Power of Words™ examines this popular culture and draws a correlation between those who are successful and the words they choose to use in their songs. Participant will understand why they must choose the words they use wisely and how those words become their reality. As a man thinketh so shall he be!
Starting and running a small business can be quite a challenge. Developing a solid understanding of personal and business finances could be the difference between a success and a failure. Small Business 101 presents steps to better manage personal finances and then apply those ideas to business finances and building a business plan. The focus is on very small businesses and addresses the specific financial decisions associated with microenterprises. This program will help microentrepreneurs get started and stay on the right path when it comes to business finances.