Heritage Florida Jewish News - Central Florida's Independent Jewish Voice

Jewish millionaire involved in GameStop saga, buys Charlotte Hornets from Michael Jordan

By Jacob Gurvis

(JTA) — Basketball legend Michael Jordan has announced that he will sell his majority stake in the NBA’s Charlotte Hornets to a group led by Jewish millionaires Gabe Plotkin and Rick Schnall for an estimated $3 billion.

Plotkin, whose net worth is estimated at $400 million, is the founder of investment management firm Melvin Capital, which he named after his grandfather and which had been valued at around $8 billion prior to announcing its closure last year.

The firm was involved in...