Ownership record
Who owns the Charlotte Hornets?
The Charlotte Hornets are owned by Gabe Plotkin and Rick Schnall, who bought the majority stake from Michael Jordan in 2023 in a deal valuing the club at about $3bn. Jordan kept a minority holding.
The short answer
- OwnerGabe Plotkin and Rick Schnall
- Owner ishedge-fund investors who were already minority holders
- Owned since2023
- Previous ownerMichael Jordan
- Reported consideration3,000,000,000 US dollars
- Assetthe NBA franchise in North Carolina
How the deal was structured
Jordan had been the NBA's only Black majority owner for 13 years, having bought control in 2010 at a valuation near $275m. The sale is one of the largest realised returns on any NBA purchase.
On the money trail board this sits as a 2023 movement of $3.00B between Charlotte and New York, sourced to Wikipedia. Open the full ledger entry.
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