Announced
Completed
Financials
Sources
Tags
Recreational Services
United States
Majority
Acquisition
basketball club
Private
Domestic
Single Bidder
Friendly
Completed
Synopsis
Gabe Plotkin and Rick Schnall completed the acquisition of a majority stake in Charlotte Hornets, a basketball club, from Michael Jordan. Financial terms were not disclosed. The Buyer Group will also include Chris Shumway, 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. As part of the transaction, Jordan will retain a minority ownership share of the team.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.