Rick Schnall

Rick Schnall
Born	1969 or 1970 (age 54–55)[1]
Education	B.A. University of Pennsylvania M.B.A. Harvard Business School
Known for	Co-President of Clayton, Dubilier & Rice Minority owner of the Atlanta Hawks majority owner of the Charlotte Hornets
Relatives	Carl Icahn (uncle)
Basketball career
Charlotte Hornets
Position	Majority Owner, Co-Chairman
League	NBA

Rick Schnall (born 1969/1970) is an American businessman, co-president of private equity firm Clayton, Dubilier & Rice, minority owner of the Atlanta Hawks, and among the majority owners of the Charlotte Hornets.^[1]

Biography

Schnall is a graduate of the University of Pennsylvania and the Harvard Business School.^[1] After school, he worked for Smith Barney and Donaldson Lufkin & Jenrette.^[1] In 1996, he joined Clayton, Dubilier & Rice eventually reaching partner^[1] where he started and oversees the healthcare, tech and financial services verticals.^[2]

Atlanta Hawks

In 2015, Schnall was part of a group led by Tony Ressler along with Grant Hill, Sarah Blakely, Jesse Itzler, and Steven Price, that successfully purchased the Atlanta Hawks for $850 million.^[3][4][5] He was selling his stake in the Hawks as of July 2023.^[6]

Charlotte Hornets

In June 2023, Schnall along with Gabe Plotkin successfully purchased the Charlotte Hornets from majority owner, Michael Jordan.^[7]

Personal life

Schnall is of Jewish descent^[8] and lives in New York City.^[9] He is the nephew of billionaire investor Carl Icahn.^[10]

References

1. Tucker, Tim (June 27, 2015). "Meet the Hawks' new owners". Ledger Enquirer. Schnall, 45, is a partner with private equity firm Clayton Dubilier & Rice....
2. "Richard J Schnall "Rick" Co-President/Partner, Clayton Dubilier & Rice LLC". Bloomberg. 22 March 2023.
3. "NBA unanimously approves sale of Atlanta Hawks" (Press release). National Basketball Association. June 24, 2015. Retrieved June 24, 2015.
4. "Hawks finalizing sale with billionaire Antony Ressler". The Atlanta Journal-Constitution. Retrieved 23 April 2015.
5. NBA: "Group Led By Tony Ressler Completes Purchase of Atlanta Hawks" June 25, 2015 | "Other investors include seven-time NBA All-Star Grant Hill, who will serve as Vice Chair of the Board, Townsquare Media Chair and CEO Steven Price, Clayton, Dubilier & Rice partner Rick Schnall, and Spanx founder Sara Blakely and Marquis Jet co-founder Jesse Itzler, who are married"
6. "Who are the new Hornets owners? Gabe Plotkin and Rick Schnall set to purchase team from Michael Jordan".
7. Moore, Evan (June 16, 2023). "Who are Gabe Plotkin and Rick Schnall? Meet the new Charlotte Hornets owners". The Charlotte Observer.
8. Cohen, David R. (April 29, 2015). "Jewish Investor Buying Hawks". Atlanta Jewish Times. At least two of his Hawks partners, Itzler and Rick Schnall, are Jewish.
9. "Who is Rick Schnall? Looking at a probable part owner of Charlotte Hornets". Sportskeeda.
10. McDonald, Lawrence G. (October 12, 2010). A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers. Crown Publishing Group. p. 26. ISBN 9780307588340.