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Rick Schnall (born 1969/1970) is an American businessman, co-president of private equity firm Clayton, Dubilier & Rice, minority owner of the Atlanta Hawks, and among the majority owners of the Charlotte Hornets.
Aug 3, 2023 · Rick Schnall, a former Hawks minority owner and an NBA Board of Governors member, is part of a group that finalized the purchase of the Hornets from Michael Jordan. He will serve as Co-Chairman & Governor of the team and will rotate the governorship every five years with Gabe Plotkin.
Aug 3, 2023 · Gabe Plotkin and Rick Schnall officially acquired the majority stake of the Hornets from six-time NBA champion Michael Jordan on Thursday, bringing new thoughts and ideas on how to rebuild a franchise that hasn’t been to the playoffs in the last seven seasons.
- AP Sports Writer
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- Other Minority Owners of The Hornets Include J. Cole, Eric Church
Plotkin was previously a minority owner with the Hornets. He began purchasing shares of the team back in 2020. According to Sportskeedia, Jordan and Plotkin have been investing partners previously. They allege that Plokin lost $500 million of Jordan's money. Plotkin made his fortune as the founder and Chief Investment Officer of Melvin Capital, whi...
Schnall previously was a minority owner of the Hawks. He bought a piece of the team back in 2015 as part of the group led by current owner Tony Ressler. He is now in the process of selling his ownership stake in the Hawks. Schnall built his fortune as the co-president of private equity firm Clayton, Dubilier & Rice in New York, where he has worked ...
Along with Plotkin and Schnall, other minority owners include Dan Sundheim, Ian Loring, Dyal HomeCourt Partners, North Carolina natives recording artist J. Cole and country music singer-songwriter Eric Church, and several local Charlotte investors, including Amy Levine Dawson and Damian Mills, per the Hornets PR release.
- Stephen Noh
Mar 11, 2024 · Rick Schnall sold his minority stake in the NBA’s Atlanta Hawks last summer in order to buy a stake in the Charlotte Hornets, according to people with knowledge of the matter.
Aug 10, 2023 · Jordan will stay on as a minority partner, but financiers Gabe Plotkin and Rick Schnall are now the lead owners, known as governors in the NBA. Plotkin and Schnall preside over a 20-person...
Aug 4, 2023 · New Charlotte Hornets co-owners Rick Schnall and Gabe Plotkin each discussed how they plan to make the Hornets a perennial winner and the importance of improving the overall game experience for fans.
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