Sidley Represents Co-Lead Investor Gabe Plotkin and Consortium Member Eric Church in US$3 Billion Majority Stake Purchase of the Charlotte Hornets

Sidley represented co-lead investor Gabe Plotkin, as well as Eric Church, in the consortium purchasing the controlling stake of the NBA’s Charlotte Hornets from Michael Jordan. The transaction is valued at approximately US$3 billion. Gabe Plotkin is the founder and Chief Investment Officer of Tailwoods Capital LLC. Eric Church is a country music recording artist with multiple number one hits. Michael Jordan is a former professional basketball player and member of the Hall of Fame.

The Sidley team representing Gabe Plotkin was led by Entertainment, Sports and Media (ESM) co-chair Irwin Raij in Miami, and included Century City partner Eric Geffner, Chicago partner Matthew Stoker, Miami senior managing associate Axel Miranda, and Miami associate Alyssa Levy (all ESM/M&A and Private Equity), as well as Palo Alto partner Rachel Kleinberg (Tax).

The Sidley team representing Eric Church was led by ESM co-chair Charles (Chuck) Baker in New York, and included Century City partner Mark Castiglia (M&A and Private Equity), and New York associate Dylan Sherwyn (ESM/M&A and Private Equity).