700 logos in index Logo index | Add new logo | Add to favorites

Charlotte Bobcats logo

The Charlotte Bobcats are a professional basketball team based in Charlotte, North Carolina. The team is part of the Southeast Division of the Eastern Conference in the National Basketball Association. The Bobcats were established in 2004 as an expansion team, two seasons after Charlotte's previous NBA team, the Charlotte Hornets, relocated to New Orleans and became the New Orleans Hornets. The Bobcats play their home games at Time Warner Cable Arena in uptown Charlotte.

Charlotte's NBA Development League team is the Maine Red Claws. The Bobcats were also the brother team of the Charlotte Sting of the WNBA before the Sting folded on January 3, 2007.

The Bobcats are currently for sale by majority owner Robert Johnson. Johnson paid $300 million for the franchise in 2003. However, Forbes currently estimates the team's value at $284 million. Michael Jordan, a minority owner and head of basketball operations, has shown interest in putting together a group to purchase majority control in the team.

When the Hornets relocated to New Orleans for the 2002–03 season, the NBA promised Charlotte leaders that the city would be granted an NBA expansion team for the 2004–05 season. Several ownership groups, including one led by former Boston Celtics star Larry Bird, made bids for the team. On December 18, 2002, a group led by Black Entertainment Television founder Robert Johnson was awarded the franchise, becoming one of the first prominent African American owners in U.S. professional sports. On June 15, 2006 it was announced that NBA legend and North Carolina native Michael Jordan would become the second largest shareholder in the Bobcats. As part of the deal, Jordan became head of basketball operations. Another notable co-owner is the rapper Nelly.

In June 2003, the new team was named the Bobcats. Bobcats, along with Charlotte Flight and Charlotte Dragons were the top three choices as voted by fans. The Charlotte Regional Sports Commission aided with the "Help Name The Team" effort that drew over 1,250 suggestions. The bobcat, an expert at survival according to the North Carolina Wildlife Commission, is athletic, fierce and an indigenous predator to the Carolinas. Charlotte, already being home to the Carolina Panthers of the National Football League, made the cat-related name a natural choice for the area's new basketball team.

Despite failed attempts at the ballot box to fully fund a new uptown arena, city politicians decided to go ahead with plans and implemented a hotel and leisure tax in Charlotte to help pay for it. George Shinn, owner of the Hornets, also wanted the city to pay for a new arena, and subsequently left town for New Orleans when it failed to do so.

(http://en.wikipedia.org/wiki/Charlotte_Bobcats) www.nba.com