Malaysak1982
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- Apr 28, 2004
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...an enormous failure? From naming the team after himself to the disastrous TV deal that was made. Those ugly colors they have. No connection at all with Charlotte basketball fans. The Bobcats should be on 5th Avenue. We gave them a new arena. For free. They get all monies from that arena when the circus, or U-2, or the Rolling Stones, or whoever plays there. All concessions, too. The Panthers and NASCAR had to pay for their venues. And they make money. Johnson says he's lost 50 million in 4 years with a free arena plus money from outside events. Now he's begging the local companies to renew their 3 year deals on premium seats. IMHO, the Charlotte Bobcats are one of the most mismanaged businesses in the the world. Johnson needs to sell to a competent businessman (Bruton Smith) and get out of the business or he WILL face serious losses. He does not know what he's doing.