Despite laying off 40 employees in the last month to save money, Charlotte Bobcats' owner Bob Johnson said that he has no interest in selling the franchise, the Associated Press is reporting.

"I'm not selling the team," Johnson said. "We have had calls from people wanting to know if they would want additional investors in the team. But there have been no discussions and I'm not interested in selling the team."

At the recommendation of a consulting firm, Johnson gutted the business and marketing departments, leaving just a skeleton crew and plenty of empty cubicles. But he insisted the basketball operations will not be affected by the cost-cutting.