Bobcats part-owner convicted of felony fraud.

[davcbow]

A part-owner of the Charlotte Bobcats has been convicted of felony fraud in South Florida and sentenced to nine years in prison. WTF:confused:

http://www.charlotteobserver.com/597/story/540021.html

[TheBeagle]

A part-owner of the Charlotte Bobcats has been convicted of felony fraud in South Florida and sentenced to nine years in prison. WTF:confused:

http://www.charlotteobserver.com/597/story/540021.html I don't know but MT got quoted, baby!!!

I say make the guy sell his share and MJ can buy it up to gain another 3% stake.

[TattoodCats4life]

I don't know but MT got quoted, baby!!!

I say make the guy sell his share and MJ can buy it up to gain another 3% stake.

I'm sure that MJ is scheming his head off to grab every last share he can find of the bobcats organization. I'm of the opinion that he has a 3 step plan.

1. LB -> playoffs.
2. Buy more shares (i.e. buy out Johnson and have 80+% ownership).
3. LB -> Championship -> Ring -> Profit on sold out arena 41+? times per year.

[teej]

Well, its a really minor stake, and not really being picked up so its not too bad, as long as MJ gets the stake.

[playoffs...PLAYOFFS?]

who owns the bobcats? i wonder how many more minority owners there are....interesting, never imagined that two brothers residing in miami would have ownership, bob johnson did a good job selling this investment