To purchase a controlling interest in the Charlotte Bobcats, Michael Jordan, who grew up in Wilmington, N.C., and played college basketball at North Carolina. Jordan bought a minority stake in the Bobcats in 2006 and has since acted as the team's head of basketball operations; on Friday he reached an undisclosed agreement to take over the majority stake from Black Entertainment Television founder Bob Johnson. League owners must now approve the deal, which commissioner David Stern expects to happen in March. As owner, Jordan (who had stormy tenures as director of basketball operations for both the Bobcats and the Wizards, the latter in 2000--01) will be saddled with a team lacking in sponsorship and fans. Charlotte hasn't ranked in the top 20 in attendance in any of its six seasons, contributing to Johnson's $150 million in team-related debt.