Table Of Content
- Michael Jordan selling majority ownership stake in Charlotte Hornets
- Who Are the New Owners of the Charlotte Hornets?
- Tom Brady's highly lucrative Fox Sports contract
- Wizards vs. Heat: Injury Injury Report, Starting Lineups & Where To Watch (3-10-
- Support
- Jalen Brunson Breaks Franchise Record in Game 4 Win

The Lakers will not reach on him and are not guaranteed the opportunity to land him in the second round, either. Thanks to a lucky tie breaker with the Portland Trail Blazers, the odds are beginning to favor Charlotte landing a top-four pick in the 2024 NBA Draft, and they can fall no lower than seventh overall. Even if the entire team manages to stay healthy, they are still going to be struggling to close out on the perimeter. Conveniently enough, however, the Hornets will have multiple ways of addressing this problem.
Michael Jordan, with $2 Billion Net Worth, Added $800 Million+ to Charlotte Hornets Value In 9 Years - EssentiallySports
Michael Jordan, with $2 Billion Net Worth, Added $800 Million+ to Charlotte Hornets Value In 9 Years.
Posted: Mon, 02 May 2022 07:00:00 GMT [source]
Michael Jordan selling majority ownership stake in Charlotte Hornets
Other members of the new potential Hornets ownership group — pending the approval — are recording artist J. Cole, Dan Sundheim, Ian Loring, country music singer-songwriter Eric Church, Chris Shumway and several local Charlotte investors, including Amy Levine Dawson and Damian Mills. Once the sale is complete, Michael Jordan plans to keep a minority stake and maintain a presence with the franchise. According to the Hornets, the group buying a majority share will also 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.
Who Are the New Owners of the Charlotte Hornets?

The value of the Charlotte Hornets has increased multiple times since Jordan bought them. When he became the majority owner of the team, the Hornets were valued at $175 Million. The deal included the rights to the arena, and it also included the debt the team was in. When Jordan sold a minority stake in 2019, the team was valued at $1.3 Billion. Plotkin acquired a minority stake in the Hornets in 2019, the team said.
Tom Brady's highly lucrative Fox Sports contract
It’s not foremost, at least any longer, in LeBron James’ mind,” Wojnarowski said. “We got to celebrate with Michael here winning in his car,” Hamlin said. “These are certainly important memories that these men and women (on the team) are going to experience for a very long time.
Michael Jordan's purchase of the Charlotte Hornets is paying off, per Forbes

Friday morning, ESPN's Adrian Wojnarowski reported that Michael Jordan is "finalizing" a sale of the Charlotte Hornets to a group led by Gabe Plotkin and Rick Schnall. Michael Jordan is making a good chunk of change off being the owner of the Charlotte Hornets. Here's everything you need to know about the sale and Jordan's timeline with the Hornets.
candidates to coach the Lakers next season (including J.J. Redick!) if Darvin Ham is fired
If you recognize the name, it’s likely because Plotkin and Melvin Capital were at the center of the Gamestop/Robinhood controversy, resulting in Melvin Capital being wound up. Michael Jordan, who owned the Hornets for the past 13 years, will remain with the team as a minority owner. Gabe Plotkin and Rick Schnall will assume the majority stake of the Hornets. Overall, the signs are positive for Charlotte as just two years ago they were ranked 28th.
Wizards vs. Heat: Injury Injury Report, Starting Lineups & Where To Watch (3-10-
All in all, the investment in the Hornets is set to have added over $800 Million to Jordan’s wealth in 9 years. In Thursday’s NBA draft, the Hornets have the Nos. 2, 27, 34, 39 and 41 picks. Value of team is based on current stadium deal (unless new stadium is pending) without deduction for debt (other than stadium debt).
How much is J. Cole's net worth? Grammy winner's valuation comes to light amid Hornets part-ownership deal - Sportskeeda
How much is J. Cole's net worth? Grammy winner's valuation comes to light amid Hornets part-ownership deal.
Posted: Fri, 16 Jun 2023 07:00:00 GMT [source]
The six-time NBA champion is in negotiations to sell at least a portion of the franchise to a group that includes Hornets minority owner Gabe Plotkin. Jordan will retain minority ownership as part of the deal, the Hornets said. He’s a partner at Clayton, Dubilier & Rice and leads their financial services and technology team. Schnall is currently a minority owner with the Atlanta Hawks, he’s a Harvard graduate who resides in New York City and ticks all the boxes of your classic rich investor. Other than being super wealthy and clearly having an interest in NBA ownership, there’s little else known about Schnall. (AP) — The sale of the majority stake of the Charlotte Hornets from six-time NBA champion Michael Jordan to Gabe Plotkin and Rick Schnall has been finalized, the team announced Thursday.
Once the sale is complete, Jordan will keep a minority stake and maintain a presence with the franchise. In addition to Plotkin and Schnall, the new ownership group also includes Chris Shumway, Dan Sundheim, Ian Loring, Andrew Schwartzberg, 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, among others. Michael Jordan is selling a majority stake in the NBA’s Charlotte Hornets to a group led by Gabe Plotkin and Rick Schnall for $3 billion, according to people familiar with the matter. In the 13 years under Jordan's ownership, the Hornets/Bobcats have struggled for on-court success and have had one of the lowest crowd attendances in the league. ESPN's Adrian Wojnarowski broke the news that Jordan is finalizing a sale of the Hornets, ending a 13-year run as majority owner.
He was involved in various aspects of the Hawks’ team-building process as well as the renovations to State Farm Arena. He is co-president of Clayton, Dubilier & Rice LLC, where he has worked for 27 years. Schnall, who will serve as Co-Chairman & Governor, had been a minority owner of the Atlanta Hawks and an alternate governor on the NBA Board of Governors since 2015. While with Atlanta, Schnall was involved in various aspects of the Hawks team building process as well as the renovations to State Farm Arena.
In the seven years since, Jordan’s Hornets have had only one winning season and have twice exited early in the play-in tournament as the 10 seed. Jordan’s decision to sell ends his unsuccessful 13-year run overseeing the organization. During his NBA Finals news conference, Commissioner Adam Silver was asked about the status of a sale. Jordan is arguably the greatest professional basketball player to ever live. He won six championships with the Chicago Bulls and six NBA Finals' MVP awards.
The investment group will also include Chris Shumway, Dan Sundheim, Ian Loring, Dyal HomeCourt Partners, North Carolina natives rapper J. Cole and country music singer-songwriter Eric Church, and several local Charlotte investors, including Amy Levine Dawson and Damian Mills, the Hornets said. Schnall is in the process of selling his investment in the Hawks, which is expected to be completed in the next several weeks, according to the Hornets' statement. Plotkin and Schnall will serve as co-chairmen of HSE and will rotate the team’s governorship every five years, beginning with Schnall.
Charlotte will have to continue to replicate that draft success for a second year in a row in order to make any drastic changes. This is a young team that is still missing several key pieces, and they are going to need all of the help that they can get, should they hope to compete. This draft pick presents yet another opportunity for the Hornets to dust themselves off and field a more competitive roster, but they have to make the most of the hand that they are dealt. However, listening to him speak —whether it be on ESPN, his The Old Man and the Three podcast, or the Mind the Game podcast —he may be resistant to prioritizing player development at the expense of wins. Such a short-sighted view isn’t problematic in the sense that coaches should want to win. Yet, being a head coach often requires a long view so that a team can have sustained success.
Having only played 58 games throughout the past two years, Ball’s presence, or lack thereof, will continue to make or break this team. Now that he is retired, Tom Brady has a $350 million net worth to nejoy his life after retirement. The man doesn't need to work a day in his life after this and his entire family is set for life too. Tom Brady can't stand still and he immediately started looking at other options to continue his life as a functioning member of society.
He is now the founder the chief investment officer Tallwoods Capital. This past September, Jordan sold a 20 percent stake of the Hornets to two New York based investors, Gabe Plotkin, a founder of Melvin Capital, and Daniel Sundheim, a founder of DI Capital. Based on the $1.5 billion valuation, Jordan made about $300 million off that deal, almost double what he paid Johnson for the team.
Charlotte has now allowed the fifth highest 3PT% in two of the last three seasons, and gave up a league-worst 39.6% 3PT rate when on the road this season. Even before he retired for good, Tom Brady was already in talks with multiple channels to see which of them could get him the best contract. Before he made his announcement, it was also confirmed that Fox Sports landed Tom Brady for a staggering 10-year contract that is worth $375 million. Tom is worth an estimate $350 million but he will be worth much more than that by the time he starts his new career as a Fox Sports analist by the end of 2024.