Find out about Michael Jordan's Hornets ownership share.
Michael Jordan was the majority owner of the Charlotte Hornets for 13 years.
What is Michael Jordan's Hornets ownership share today?
As of 2023, Michael Jordan owns a minority share of the Charlotte Hornets NBA franchise following the sale of majority ownership to the new owners, according to the NBA official website.
With the sale of the Charlotte Hornets completed, Gabe Plotkin and Rick Schnall will become the new majority owners of the team.
The sale of the Charlotte Hornets NBA franchise by Michael Jordan is worth $3 billion. The list of the new owners includes Dan Sundheim, Ian Loring, Dyal HomeCourt, J. Cole (rapper) Partners and local investors Amy Dawson and Damian Mills.
Michael Jordan purchased a majority stake in the Hornets franchise, then known as the Bobcats, for $175 million in 2010, after initially being a minority owner of the team since 2006.
Under his ownership, the team had a name change from the Bobcats to the Hornets in 2014.
Charlotte Hornets majority owners
Gabe Plotkin
Gabe Plotkin is the co-owner and one of the majority owners of the Charlotte Hornets NBA franchise following the takeover. He is an American businessman, founder and chief investment officer of former Melvin Capital Management and Tallwoods Capital LLC.
Plotkin initially purchased a minority stake in the Charlotte Hornets in 2019 before becoming majority owner in June 2023 along with Rick Schnall. He served as an alternate governor on the NBA Board of Governors.
Rick Schnall
Rick Schnall is the co-owner and one of the majority owners of the Charlotte Hornets NBA franchise. He is an American businessman and co-president of private equity firm Clayton, Dubilier & Rice. He is also a minority owner of the Atlanta Hawks.
Rick Schnall, along with Gabe Plotkin, purchased the Charlotte Hornets NBA franchise from majority owner Michael Jordan in June 2023 for a reported fee of around $3 billion.
List of other Hornets owners
Who is Michael Jordan?
Michael Jordan is a six-time NBA champion and one of the legends of the game. He is widely considered to be one of the greatest players of all time, especially during his career in the 1980s and 1990s.
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