Michael Jordan Could Lose $1.5 Million In Gym Foreclosure

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

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

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