After many failed attempts at previous ownership in the NBA, Michael Jordan has finally landed with the Charlotte Bobcats as a part-owner. Jordan's investment makes him second to only Bob Johnson in the Bobcats' organization.

"Ever since I acquired the Bobcats franchise, one of my goals has been to get Michael Jordan to become my partner in operating the team," Johnson said. "I don't think I have to make the case for Michael's basketball expertise, his knowledge or his competitiveness as a player.

"I am very excited to have a native North Carolinian be a part of the Bobcats and excited to have a friend of mine -- who I have absolute confidence in -- oversee our basketball personnel decision making process."