Michael Jordan to sell Bobcats?

According to sources, Bobcats owner Michael Jordan recently advised his GM to rebuild the team and also stated that if the rebuilding process doesn't produce a winning team and he continues to lose money over the next 3 to 4 years then he will sell the club.  The Bobcats currently have a record of 7-43 and a very dim hope of success in the future.

Update:  Michael Jordan released the following statement:

"I am 100% committed to building the Bobcats into a contender and have no plans to sell the team."