Basketball legend Michael Jordan scored a major deal with the Charlotte Bobcats Thursday (Mar 18). The former NBA player was approved to purchase the Bobcats from Bob Johnson for $275 million, making him the first former player to own an NBA team in history! And speaking of historics, MJ is the second black majority owner. Bob was the first.

Michael promises that he’s going to help Charlotte experience what winning is about, and told reporters and season ticket holders in a press conference that owning his very own NBA team is a “dream come true.”