Find out about Charlotte Hornets majority owners, the new group, and minority percentages.
The Charlotte Hornets are another household name in the NBA, based in Charlotte, North Carolina, and are part of the NBA's Eastern Conference Southeast Division.
Who owns the Charlotte Hornets?
The Charlotte Hornets is owned by Gabe Plotkin and Rick Schnall as the two majority owners since the purchase in June 2023.
Charlotte Hornets' new ownership group and percentage
Gabe Plotkin (co-owner, majority)
Gabe Plotkin is an American businessman, founder and chief investment officer of former Melvin Capital Management and Tallwoods Capital LLC. He is the co-owner and majority owner of the Charlotte Hornets. He initially held the position of minority owner in the Charlotte Hornets in 2019 before purchasing majority ownership in June 2023 along with Rick Schnall.
Gabe Plotkin served as an alternate governor on the NBA Board of Governors.
Rick Schnall (co-owner, majority)
Rick Schnall is an American businessman and co-president of private equity firm Clayton, Dubilier & Rice. He is also the co-owner and majority owner of the Charlotte Hornets and also a minority owner of the Atlanta Hawks.
Rick Schnall, along with Gabe Plotkin, purchased the Charlotte Hornets from majority owner Michael Jordan in June 2023 for around $3 billion.
Dan Sundheim
Daniel Sundheim is the chief investment officer of hedge fund D1 Capital Partners. It has over $20 billion in assets under management. He joined the ownership group in 2019 following the NBA's approval.
Dyal HomeCourt
Dyal HomeCourt is an alternative asset manager with $102 billion in assets under management. It provides institutional capital to the NBA ecosystem and has bought stakes in the Atlanta Hawks, Sacramento Kings, and Phoenix Suns.
J. Cole
Jermaine Lamarr Cole is an American rapper and record producer. His popular releases include The Come Up, The Warm Up (2009) and Friday Night Lights (2010).
Michael Jordan
Michael Jordan is a former American basketball player and legend of the game. He won six NBA championships and is widely considered to be one of the greatest players of all time during his career in the 1980s and 1990s.
Eric Church
Kenneth Eric Church is an American singer-songwriter.
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