Final answer:
After Michael Jordan bought the Charlotte Bobcats, the team was making money but losing games. The franchise remained profitable during those years despite their poor performance on the court.
Step-by-step explanation:
When Michael Jordan bought the Charlotte Bobcats, the team experienced financial and competitive struggles. The correct answer to the question, 'After Michael Jordan bought the Charlotte Bobcats, the team was...' is (B) making money but losing games. Despite the team's disappointing performance in terms of wins and losses, the franchise itself was profitable during many of those years. However, the success on the court did not mirror the financial success. This is not uncommon in professional sports where a team's value and revenue do not necessarily correlate with its win-loss record.