After some last minute scrambling yesterday evening, http://nba.com/” target=”_blank”>NBA‘s all-time great player, http://jumpman23.com” target=”_blank”>Michael Jordan (seen here with Dwyane Wade & Carmelo Anthony during http://nba.com/allstar2010/” target=”_blank”>All-Star Weekend), will take on a challenge as the owner of http://nba.com/bobcats” target=”_blank”>Charlotte Bobcats. Jordan, who already held minority ownership of the team will take over from its current owner, http://bet.com” target=”_blank”>Black Entertainment Television (http://bet.com” target=”_blank”>BET) Network’s founder Robert Johnson. Basketball heritage runs deep in the http://ncgov.com” target=”_blank”>Tar Heel State, with 5-time NCAA Basketball Champion http://unc.edu” target=”_blank”>University of North Carolina (http://unc.edu” target=”_blank”>UNC) serving as the backdrop. However, all is not so fortunate with the Charlotte Bobcats. Since becoming NBA’s newest expansion team in 2004, Johnson had accrued roughly $150 million in debt from lost revenue. It is the hope of Johnson, Jordan, and all those who are involved that Jordan’s ownership will revitalized the franchise.