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Gabe Plotkin, Jewish millionaire involved in GameStop saga, buys Charlotte Hornets from Michael Jordan
(JTA) — Basketball legend Michael Jordan has announced that he will sell his majority stake in the NBA’s Charlotte Hornets to a group led by Jewish millionaires Gabe Plotkin and Rick Schnall for an estimated $3 billion.
Plotkin, whose net worth is estimated at $400 million, is the founder of investment management firm Melvin Capital, which he named after his grandfather and which had been valued at around $8 billion prior to announcing its closure last year.
The firm was involved in the GameStop short squeeze in 2021, which cost Plotkin’s and other firms billions of dollars. During testimony to the House Financial Services Committee, Plotkin said he received antisemitic messages from members of the Reddit forum that tried to save the video game store by buying stock shares. Plotkin has been honored by the Chabad-Lubavitch movement and previously worked with the Young Jewish Professionals networking group.
Plotkin acquired a minority stake in the Hornets in 2019, and he has served as an alternate governor of the NBA Board of Governors. As part of the deal, Jordan will retain a minority stake in the franchise.
Schnall, a co-president at a private equity firm, is currently a minority owner of the Atlanta Hawks. He has also been an alternate governor of the NBA Board of Governors and is in the process of selling his stake in the Hawks.
The sale comes just months after two other high-profile Jewish businessmen purchased professional sports teams: billionaire Mat Ishbia bought the NBA and WNBA teams in Phoenix, and Josh Harris is buying the NFL’s Washington Commanders from embattled Jewish owner Dan Snyder.
Jordan, widely considered the greatest basketball player ever, purchased the Hornets in 2010 for $275 million. He was the league’s only Black majority owner.
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Lebanon Plans UN Complaint Against Israel Over Border Wall
A UN vehicle drives near a concrete wall along Lebanon’s southern border which, according to the Lebanese presidency, extends beyond the “Blue Line”, a U.N.-mapped line separating Lebanon from Israel and the Israeli-occupied Golan Heights, as seen from northern Israel, November 16, 2025. REUTERS/Shir Torem
Lebanon will file a complaint to the U.N. Security Council against Israel for constructing a concrete wall along Lebanon’s southern border that extends beyond the “Blue Line,” the Lebanese presidency said on Saturday.
The Blue Line is a U.N.-mapped line separating Lebanon from Israel and the Israeli-occupied Golan Heights. Israeli forces withdrew to the Blue Line when they left south Lebanon in 2000.
A spokesperson for the U.N. secretary-general, Stephane Dujarric, said on Friday the wall has made more than 4,000 square meters (nearly an acre) of Lebanese territory inaccessible to the local population.
The Lebanese presidency echoed his remarks, saying in a statement that Israel’s ongoing construction constituted “a violation of U.N. Security Council Resolution 1701 and an infringement on Lebanon’s sovereignty and territorial integrity.”
Dujarric said the United Nations Interim Force in Lebanon (UNIFIL) had requested that the wall be removed.
An Israeli military spokesperson denied on Friday that the wall crossed the Blue Line.
“The wall is part of a broader IDF plan whose construction began in 2022,” the spokesperson said, referring to the Israel Defense Forces.
“Since the start of the war, and as part of lessons learned from it, the IDF has been advancing a series of measures, including reinforcing the physical barrier along the northern border.”
UNIFIL, established in 1978, operates between the Litani River in the north and the Blue Line in the south. The mission has more than 10,000 troops from 50 countries and about 800 civilian staff, according to its website.
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Iran Says US Is Not Ready for ‘Equal and Fair’ Nuclear Talks
Iranian Foreign Minister Abbas Araqchi speaks during a meeting with foreign ambassadors in Tehran, Iran, July 12, 2025. Photo: Hamid Forootan/Iranian Foreign Ministry/WANA (West Asia News Agency)/Handout via REUTERS
Washington’s current approach toward Tehran does not indicate any readiness for “equal and fair negotiations,” Iran’s foreign minister said on Sunday, after US President Donald Trump hinted last week at potential discussions.
Following Israel’s attack on Iran in June, which was joined by U.S. strikes on Iranian nuclear facilities, attempts at renewing dialogue on Tehran’s nuclear program have failed.
The United States, its European allies and Israel accuse Tehran of using its nuclear program as a veil for efforts to develop the capability to produce weapons. Iran says its nuclear program is for peaceful purposes only.
Tehran and Washington underwent five rounds of indirect nuclear talks prior to the 12-days-war, but faced obstacles such as the issue of domestic uranium enrichment, which the U.S. wants Iran to forego.
“The U.S. cannot expect to gain what it couldn’t in war through negotiations,” Abbas Araqchi said during a Tehran conference named “international law under assault.”
“Iran will always be prepared to engage in diplomacy, but not negotiations meant for dictation,” he added.
During the same conference, deputy foreign minister Saeed Khatibzadeh accused Washington of pursuing its wartime goals with “negotiations as a show.”
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Israeli Government Decides ‘Independent’ Commission to Investigate Oct. 7 Failures
The Israeli Supreme Court in Jerusalem. Photo: Wikimedia Commons.
i24 News – The Israeli government has approved the creation of an “independent” commission of inquiry to examine the failures that enabled the Hamas assault of October 7, 2023.
However, in a move sharply criticized by the opposition and contrary to the recommendation of the Supreme Court, the panel will not be a formal state commission of inquiry. Instead, its mandate, authorities, and scope will be determined directly by government ministers.
According to the decision, the commission will receive full investigative powers and must be composed in a way that ensures “the broadest possible public trust.”
Prime Minister Benjamin Netanyahu will form a special ministerial committee tasked with defining what the inquiry may investigate, the time periods to be reviewed, and the authority it will receive. The committee has 45 days to deliver its recommendations.
For the past year, the government has repeatedly resisted calls to establish a state commission, arguing at first that such a body could not operate during wartime. Later, some ministers accused Supreme Court President Isaac Amit of being incapable of appointing an impartial chairperson.
But on October 15, the High Court of Justice ruled that there was “no substantive argument” against forming a state commission, giving the government 30 days to respond.
Netanyahu maintains that responsibility for the October 7 failures lies primarily with Israel’s security agencies rather than with political leaders.
His critics accuse him of creating a weaker, government-controlled inquiry designed to limit scrutiny of his decisions, undermining the prospect of full accountability for the deadliest attack in Israel’s history.
