Rick Schnall (born 1969/1970) is an American businessman, co-president of private equity firm

Clayton, Dubilier & Rice Clayton, Dubilier & Rice, LLC (CD&R) is an American private equity company. CD&R is the 24th oldest private equity firm in the world. CD&R has managed the investment of more than $30 billion in approximately 90 businesses, representing a bro ...

, minority owner of the

Atlanta Hawks The Atlanta Hawks are an American professional basketball team based in Atlanta. The Hawks compete in the National Basketball Association (NBA) as a member of the Southeast Division (NBA), Southeast Division of the Eastern Conference (NBA), Easte ...

, and among the majority owners of the

Charlotte Hornets The Charlotte Hornets are an American professional basketball team based in Charlotte, North Carolina. The Hornets compete in the National Basketball Association (NBA) as a member of the Southeast Division of the Eastern Conference. The team ...

Biography

Schnall is a graduate of the

University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...

and the

Harvard Business School Harvard Business School (HBS) is the graduate school, graduate business school of Harvard University, a Private university, private Ivy League research university. Located in Allston, Massachusetts, HBS owns Harvard Business Publishing, which p ...

. After school, he worked for

Smith Barney Morgan Stanley Wealth Management is an American Multinational corporation, multinational financial services corporation specializing in Broker, retail brokerage. It is the wealth & asset management division of Morgan Stanley. On January 13, 2009, ...

and

Donaldson Lufkin & Jenrette Donaldson, Lufkin & Jenrette (DLJ) was a U.S. investment bank founded by William H. Donaldson, Richard Jenrette, and Dan Lufkin in 1959. Its businesses included securities underwriting; sales and trading; investment and merchant banking; financi ...

. In 1996, he joined

eventually reaching partner where he started and oversees the healthcare, tech and financial services verticals.

Atlanta Hawks

In 2015, Schnall was part of a group led by

Tony Ressler Antony P. Ressler (born October 12, 1960) is an American businessman. He co-founded the private equity firms Apollo Global Management in 1990, and Ares Management in 1997. Ressler is also owner of the Atlanta Hawks basketball team, acquiring them ...

along with

Grant Hill Grant Henry Hill (born October 5, 1972) is an American professional basketball executive and former player who is a co-owner of the Atlanta Hawks of the National Basketball Association (NBA) and a part-owner of Orlando City SC of Major League ...

, Sarah Blakely,

Jesse Itzler Jesse Itzler (born August 22, 1968) is an American entrepreneur, author, and rapper. He is the co-founder of Marquis Jet, one of the largest private jet card companies in the world, a partner in Zico Coconut Water, the founder of The 100 Mile ...

, and Steven Price, that successfully purchased the

for $850 million. He was selling his stake in the Hawks as of July 2023.

Charlotte Hornets

In June 2023, Schnall along with Gabe Plotkin successfully purchased the

from majority owner,

Michael Jordan Michael Jeffrey Jordan (born February 17, 1963), also known by his initials MJ, is an American businessman and former professional basketball player, who is currently a minority owner of the Charlotte Hornets of the National Basketball Ass ...

Personal life

Schnall is of

Jewish Jews (, , ), or the Jewish people, are an ethnoreligious group and nation, originating from the Israelites of History of ancient Israel and Judah, ancient Israel and Judah. They also traditionally adhere to Judaism. Jewish ethnicity, rel ...

descent and lives in

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

. He is the nephew of billionaire investor

Carl Icahn Carl Celian Icahn (; born February 16, 1936) is an American businessman and investor. He is the founder and controlling shareholder of Icahn Enterprises, a public company and diversified conglomerate holding company based in Sunny Isles Beach, ...

References

{{DEFAULTSORT:Schnall, Rick 1970 births American sports owners Harvard Business School alumni Living people University of Pennsylvania alumni Atlanta Hawks executives Jewish American sports executives and administrators Charlotte Hornets owners