Michael Jordan Could Lose $1.5 Million In Gym Foreclosure

Along with the Charlotte Bobcats, Jordan hasn't been scoring points with his investments


Warning: getimagesize(http://dev.blackenterprise.com/wp-content/blogs.dir/1/files/2012/08/Michael-jordan-foreclosure-gym-300x228.jpg): failed to open stream: HTTP request failed! HTTP/1.1 404 Not Found in /home/blackenterprise/public_html/wp-content/themes/blackenterprise/single-standard.php on line 35

From The Huffington Post

Since he retired from the game of basketball, Michael Jordan’s investments haven’t scored him many baskets.

Now, a new report has come out saying that Jordan may lose $1.5 million in the foreclosure of a Chicago gym he invested in.

The gym, Attacks Athletics, was run by Jordan’s former trainer Tim Grover. Grover applied for bankruptcy last week but a judge denied his bid. The mortgage holder is now free to pursue foreclosure.

Grover’s company, Attack Properties, has filed an appeal. A decision on that appeal is expected within the next two months.

Read more at The Huffington Post