Post-retirement
After his third retirement, Jordan assumed that he would be able to return to his front office position of Director of Basketball Operations with the Wizards. However, his previous tenure in the Wizards' front office had produced the aforementioned mixed results and may have also influenced the trade of Richard "Rip" Hamilton for Jerry Stackhouse (although Jordan was not technically Director of Basketball Operations in 2002). On May 7, 2003, Wizards owner Abe Pollin fired Jordan as Washington's President of Basketball Operations. Jordan later stated that he felt betrayed, and that if he knew he would be fired upon retiring he never would have come back to play for the Wizards.
Jordan kept busy over the next few years by staying in shape, playing golf in celebrity charity tournaments, spending time with his family in Chicago, promoting his Jordan Brand clothing line, and riding motorcycles. Since 2004, Jordan has owned Michael Jordan Motorsports, a professional closed-course motorcycle road racing team that competes with two Suzukis in the premier Superbike class sanctioned by the American Motorcyclist Association (AMA). Jordan and his then-wife Juanita pledged $5 million to Chicago's Hales Franciscan High School in 2006, and the Jordan Brand has made donations to Habitat for Humanity and a Louisiana branch of the Boys & Girls Clubs of America. On June 15, 2006, Jordan bought a minority stake in the Charlotte Bobcats, becoming the team's second-largest shareholder behind majority owner Robert L. Johnson. As part of the deal, Jordan was named "Managing Member of Basketball Operations," with full control over the basketball side of the operation. Despite Jordan's previous success as an endorser, he has made an effort not to be included in Charlotte's marketing campaigns.
In February 2010, it was reported that Jordan was seeking majority ownership of the Bobcats. As February wore on, it emerged that the leading contenders for the team were Jordan and former Houston Rockets president George Postolos. On February 27, the Bobcats announced that Johnson had reached an agreement with Jordan and his group, MJ Basketball Holdings, to buy the team pending NBA approval. On March 17, the NBA Board of Governors unanimously approved Jordan's purchase, making him the first former NBA player ever to become the majority owner of a league franchise.
During the 2011 NBA lockout, The New York Times wrote that Jordan led a group of 10 to 14 hardline owners wanting to cap the players' share of basketball-related income at 50 percent and as low as 47. Journalists observed that, during the labor dispute in 1998, Jordan had told Washington Wizards then-owner Abe Pollin, "If you can’t make a profit, you should sell your team." Jason Whitlock of FoxSports.com called Jordan a "sellout" wanting "current players to pay for his incompetence." He cited Jordan's executive decisions to draft disappointing players Kwame Brown and Adam Morrison.
During the 2011–12 NBA season, which was shortened to 66 games, the Bobcats posted a 7–59 record. Their .106 winning percentage was the worst in NBA history. "I'm not real happy about the record book scenario last year. It's very, very frustrating," Jordan said later that year.
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