Rick Schnall
{{Short description|American businessman (born 1969)}}
{{Infobox person
| name = Rick Schnall
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| birthname =
| birth_date = {{birth based on age as of date |45|2015|6|27}}
| birth_place = United States
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| education = University of Pennsylvania (BA)
Harvard University (MBA)
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| known_for = Co-President of Clayton, Dubilier & Rice
Minority owner of the Atlanta Hawks
majority owner of the Charlotte Hornets
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| relatives = Carl Icahn (uncle)
| family =
| homepage =
| module = {{Infobox basketball biography | embed = yes
| position = Majority Owner, Co-Chairman
| league = NBA
| team = Charlotte Hornets
}}
}}
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.{{Cite news|first= Tim |last= Tucker|authorlink= |title= Meet the Hawks' new owners |newspaper=Ledger Enquirer|date= June 27, 2015|url= http://www.ledger-enquirer.com/sports/nba/atlanta-hawks/article29462566.html|via=|archive-url=| archive-date=|quote=Schnall, 45, is a partner with private equity firm Clayton Dubilier & Rice....}}
Biography
Schnall is a graduate of the University of Pennsylvania and the Harvard Business School. After school, he worked for Smith Barney and Donaldson Lufkin & Jenrette. In 1996, he joined Clayton, Dubilier & Rice eventually reaching partner where he started and oversees the healthcare, tech and financial services verticals.{{cite news|url=https://www.bloomberg.com/profile/person/3308334?leadSource=uverify%20wall&sref=G4ZwBfC0#xj4y7vzkg|title=Richard J Schnall "Rick" Co-President/Partner, Clayton Dubilier & Rice LLC|work=Bloomberg|date=22 March 2023}}
=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.{{cite press release|title=NBA unanimously approves sale of Atlanta Hawks|url=http://www.nba.com/2015/news/06/24/sale-of-hawks-unanimously-approved/index.html?ls=iref:nbahpts|publisher=National Basketball Association|date=June 24, 2015|accessdate=June 24, 2015}}{{cite web|title=Hawks finalizing sale with billionaire Antony Ressler|url=http://www.ajc.com/news/sports/basketball/hawks-finalizing-sale-with-billionaire-antony-res/nkzxP/|publisher=The Atlanta Journal-Constitution|accessdate=23 April 2015}}[http://www.nba.com/hawks/group-led-tony-ressler-completes-purchase-atlanta-hawks/ 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" He was selling his stake in the Hawks as of July 2023.{{cite web|title=Who are the new Hornets owners? Gabe Plotkin and Rick Schnall set to purchase team from Michael Jordan|url=https://www.sportingnews.com/us/nba/news/gabe-plotkin-rick-schnall-new-hornets-owners/dpkuxxlp4wtaoafikhlqhvj6}}
=Charlotte Hornets=
In June 2023, Schnall along with Gabe Plotkin successfully purchased the Charlotte Hornets from majority owner, Michael Jordan.{{Cite news|first=Evan |last= Moore|authorlink= |title=Who are Gabe Plotkin and Rick Schnall? Meet the new Charlotte Hornets owners |newspaper=The Charlotte Observer|date=June 16, 2023 |url= https://www.charlotteobserver.com/sports/charlotte-hornets/article276487686.html |via=|archive-url=| archive-date=}}
Personal life
Schnall is of Jewish descent{{Cite news|first= David R.|last= Cohen|authorlink= |title= Jewish Investor Buying Hawks |newspaper=Atlanta Jewish Times|date=April 29, 2015 |url=http://atlantajewishtimes.timesofisrael.com/jewish-investor-buying-hawks/ |via=|archive-url=| archive-date=|quote=At least two of his Hawks partners, Itzler and Rick Schnall, are Jewish.}} and lives in New York City.{{cite web|title=Who is Rick Schnall? Looking at a probable part owner of Charlotte Hornets|url=https://www.sportskeeda.com/basketball/news-who-rick-schnall-looking-probable-part-owner-charlotte-hornets|website=Sportskeeda}} He is the nephew of billionaire investor Carl Icahn.{{Cite book |last=McDonald |first=Lawrence G. |url=https://books.google.com/books?id=AIZI_Zx1SNkC&q=Rick+Schnall+wife&pg=PA26 |title=A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers |date=October 12, 2010 |publisher=Crown Publishing Group |isbn=9780307588340 |pages=26}}
References
{{Reflist}}
{{Charlotte Bobcats}}
{{NBAOwners}}
{{Authority control}}
{{DEFAULTSORT:Schnall, Rick}}
Category:American sports owners
Category:Harvard Business School alumni
Category:University of Pennsylvania alumni
Category:Atlanta Hawks executives
Category:Jewish American sports executives and administrators