CHARLOTTE, N.C. (AP) — Michael Jordan says he's 100 percent committed to the Charlotte Bobcats and has no intention of selling the struggling NBA franchise.
The Bobcats have lost 12 of their last 14 games and own the league's worst record at 7-43, but Jordan says he isn't ready to bail out on the team he became majority owner of in March 2010.
The New York Daily News reported Sunday that Jordan has contemplated selling if the team doesn't turn things around — both in performance and profitability.
Jordan issued a statement Sunday through the team, saying, "I was disturbed to hear the false report that I intend to sell my majority interest in the Charlotte Bobcats. I am 100 percent committed to building the Bobcats into a contender and have no plans to sell the team."
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