Citing unnamed sources, the Uptown paper of record reports that Bob Johnson recently made a $28m. cash call on his Bobcat partners and was “generally turned down.”
This during the Bobcats best ever season and flirtation with a playoff run.
Is this the point at which Michael Jordan steps up to be majority owner? MJ was certainly much more visible this season and his relationship with HOF coach Larry Brown has been smooth.
Recall that exactly one year ago Johnson slammed the local biz community for failure to support the Bobcats, causing some to conclude Johnson had left himself with no choice but to sell the team. Instead, as more partners decline cash calls, Johnson has only seen his ownership stake climb from 65 percent in 2004 to what may approach 90 percent right now given the latest developments.
Yay team.
