Charlotte Bobcats part-owner Michael Jordan says he's disappointed with his team's record this season and vows that management will "spend what it takes'' to attract top talent in the offseason.
In a letter to be mailed to season ticket holders this week, Jordan went into detail about the state of the team for the first time since he bought a minority stake last June and was given final say in all personnel decisions.
The Bobcats are 19-33 this season - last in their division and fourth worst in the Eastern Conference.
"As excited as I am about the future, if you know anything about me, you know how much I hate to lose - and I speak for all the owners in that regard,'' wrote Jordan, the team's managing member of basketball operations. "But we are able to temper this disappointment with thoughts of our youth and inexperience, and the idea that we will continue to improve - hopefully, more quickly than even we expect.
"With that said, we remain committed to our plan to grow the franchise through the draft and the addition of key free agents.''
Jordan: Bobcats Will spend What It Takes To Win