Gabe Plotkin and Rick Schnall officially acquired the majority stake of the Hornets from six-time NBA champion Michael Jordan on Thursday
CHARLOTTE, N.C. — A new era has begun for the Charlotte Hornets, raising hope that one day the struggling franchise might turn things around.
, bringing new thoughts and ideas on how to rebuild a franchise that hasn’t been to the playoffs in the last seven seasons. Plotkin said there will be a focus on analytics, player development, strategy and sports performance. A renovated arena and a state-of-the-art practice facility are also in the near future, which Plotkin believes will help in developing and attracting players — and ultimately mean more wins.During his 13-year tenure as majority owner, the Hornets went 423-600 and never won a playoff series.
“He’s the greatest basketball player of all time and he has been an incredible partner to us during this negotiation and he has set this business up for future success,” Schnall said. “He’s not leaving and will be around here for a long time with us as a partner.”Plotkin said the Hornets may need to focus on player development first, while also building a winning culture that will attract big-name free agents down the road.
Schnall said he and Plotkin own “similar stakes” in the franchise, but he wouldn’t say who owns more.That means they will rotate the team’s governorship every five years, beginning first with Schnall.
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