Michael Jordan says Hornets add 2 partners

Posted September 15, 2019 7:00 am

The Associated Press

CHARLOTTE, N.C. (AP) - Michael Jordan is adding two partners to the Charlotte Hornets' ownership group.

Gabe Plotkin, founder and chief investment officer of Melvin Capital, and Daniel Sundheim, founder and chief investment officer of D1 Capital, have joined the Hornets as partners, pending NBA approval.

Jordan, a six-time NBA champion, will remain the majority owner.

Jordan said in a statement released by the team Saturday that he'll continue "to run the Hornets, make all decisions related to the team and organization, and remain the team's NBA Governor."

Jordan says "Gabe and Dan's investment in the franchise is invaluable, as we continue to modernize, add new technology and strive to compete with the best in the NBA. Both Gabe and Dan are industry standard-setters and proven leaders, with a belief in philanthropy and a passion for the game of basketball."

___

More AP NBA: https://apnews.com/NBA and https://twitter.com/AP_Sports

Article Comments

Article Categories
Basketball Content Providers NBA Pro Sports Sports Sports Leagues Sports Types

Article Comments

Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.