Jordan will sell his majority stake in the NBA's struggling Charlotte Hornets, and Gabe Plotkin and Rick Schnall are poised to become majority owners.
Gabe Plotkin and Rick Schnall are poised to become majority owners subject to league approval.
Jordan took a majority stake in the Hornets in 2010 for $275 million. Previously, he had a minority interest in the team. Plotkin acquired a minority stake in the Hornets in 2019 and has served as an alternate governor on the NBA Board of Governors. He's the founder of investment management firm Tallwoods Capital.Clayton, Dubilier & Rice, where he has worked for 27 years. He has been a minority owner of the Atlanta Hawks and an alternate governor on the NBA Board of Governors since 2015.
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