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Top related persons:
Michael Jordan - 2 Gabe Plotkin - 2 Rick Schnall - 2 Jordan - 2 Plotkin - 2 J - 2 Cole - 2 Schnall - 2
Top related locs:
Forbes Charlotte , North Carolina Dubilier
Top related orgs:
NBA - 2 Charlotte Hornets - 2 Hornets - 2 Forbes - 2 ESPN - 1 Morning - 1 Tallwoods Capital - 1 Charlotte Bobcats - 1

Search resuls for: "Tallwoods Capital"


2 mentions found


☆ Michael Jordan is selling the Charlotte Hornets — and he stands to make billions
  + stars: | 2023-06-17 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +2 min
Michael Jordan has agreed to sell his majority stake in his NBA team the Charlotte Hornets. The Hornets are valued at $3 billion, per ESPN — more than 10 times the sum Jordan paid in 2010. Michael Jordan could bag a billion-dollar windfall after he agreed to sell his NBA team for what's likely be a huge premium on the price he paid 13 years ago. Jordan previously sold a minority stake in the Hornets to Plotkin, who is the founder of investment firm Tallwoods Capital, and Daniel Sundheim in 2019. Rapper J. Cole is also part of the group that will buy Jordan's majority stake, the Hornets said.
Persons: Michael Jordan, Gabe Plotkin, Rick Schnall, Jordan, Plotkin, Daniel Sundheim, J, Cole, Schnall, He'll, Air Jordan Organizations: NBA, Charlotte Hornets, Hornets, ESPN, Morning, Tallwoods Capital, Charlotte Bobcats, Atlanta Hawks NBA, Nike, Air, Forbes Locations: Forbes
☆ Michael Jordan is selling his majority stake in the Charlotte Hornets
  + stars: | 2023-06-16 | by ( Jessica Golden | ) www.cnbc.com   time to read: +2 min
Charlotte Hornets owner Michael Jordan responds to a question during a news conference at Spectrum Center in Charlotte, North Carolina, Oct. 28, 2014. Basketball legend Michael Jordan has agreed to sell his majority stake in the National Basketball Association's Charlotte Hornets to wealthy investors Gabe Plotkin and Rick Schnall, a representative for Jordan confirmed Friday. Jordan took a majority stake in the Hornets in 2010 for $275 million. Under the ownership of the six-time NBA champion Jordan, the Hornets have struggled, only making the playoffs two times. Plotkin acquired a minority stake in the Hornets in 2019 and has served as an alternate governor on the NBA Board of Governors.
Persons: Charlotte, Michael Jordan, Basketball Association's Charlotte, Gabe Plotkin, Rick Schnall, Jordan, Plotkin, Schnall, Clayton, Dan Sundheim, J, Cole, Eric Church Organizations: Charlotte Hornets, Spectrum Center, Basketball Association's, Basketball Association's Charlotte Hornets, Hornets, NBA, of Governors, Tallwoods, NBA's Atlanta Hawks, Hawks, D1, North Carolina, Hornets Sports & Entertainment, G League, Greensboro Swarm, Spectrum, Forbes Locations: Charlotte , North Carolina, Dubilier
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