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Bidding for Carolina Panthers Reaches $2.5 Billion
Posted on 3/21/18 at 8:09 pm
Posted on 3/21/18 at 8:09 pm
quote:
The price of the Carolina Panthers has reached $2.5 billion, according to people familiar with bids for the NFL team, which would set a record for a U.S. professional sports franchise.
The rapid escalation in bidding has prompted Michael Rubin, the billionaire executive chairman of sports-apparel company Fanatics, to drop out of the process, said the people, who requested anonymity because the matter is private.
A spokesman for Rubin declined to comment. His backers included Brooklyn Nets investor and Alibaba Group Holding Ltd. Executive Vice Chairman Joe Tsai.
Remaining bidders include Alan Kestenbaum, chief executive officer of private equity firm Bedrock Industries LP, leading an investor group that the people said is backed by Canada’s third-richest person, billionaire Jim Pattison.
Pattison, reached by phone, said he isn’t currently backing an offer.
Appaloosa Management LP founder David Tepper, already a minority owner of the National Football League’s Pittsburgh Steelers, has also submitted a bid. So has Ben Navarro, CEO of Sherman Financial Group, a South Carolina-based finance company that caters to subprime borrowers.
Also looming over the deal is interest from local billionaire Jim Goodnight, CEO of SAS Institute Inc., the people said. Goodnight has a net worth of $9.9 billion, according to the Bloomberg Billionaires Index, while Pattison is worth $7.5 billion.
LINK
This post was edited on 3/21/18 at 8:10 pm
Posted on 3/21/18 at 8:10 pm to Bench McElroy
Did kaepernick get his 10 dollars in to be a co owner?
Posted on 3/21/18 at 8:11 pm to Bench McElroy
That's it? The Houston Rockets sold earlier this year for $2.2 billion.
This is the NFL... I would expect more than $2.5.
This is the NFL... I would expect more than $2.5.
Posted on 3/21/18 at 8:12 pm to PrimeTime Money
NFL doesn't have international interest to drive up revenue...
Posted on 3/21/18 at 8:17 pm to Bench McElroy
and this is supposed to be a punishment to Jerry Richardson?
Posted on 3/21/18 at 8:18 pm to chalmetteowl
The NFL is the most valuable sports league in the world regardless
Posted on 3/21/18 at 8:20 pm to Bench McElroy
Wait...
Does this mean Jay-Z isn't going to buy the team?
Does this mean Jay-Z isn't going to buy the team?
Posted on 3/21/18 at 8:24 pm to WestCoastAg
Maybe, but lets not deny it's slipped a little bit
Posted on 3/21/18 at 8:24 pm to Bench McElroy
How much is the Gravy/Shaun King bid?
Posted on 3/21/18 at 8:31 pm to PrimeTime Money
quote:
That's it? The Houston Rockets sold earlier this year for $2.2 billion.
This is the NFL... I would expect more than $2.5.
Hell the Clippers sold for $2 Billion.
Posted on 3/21/18 at 8:36 pm to chalmetteowl
There’s no “maybe” about it. They’re easily the most valuable in the world, and it’s even more impressive when you consider they don’t have interest aboard.
Posted on 3/21/18 at 8:49 pm to Bench McElroy
Felix Sabatas has got this deal (sarcasm)
Posted on 3/21/18 at 9:10 pm to Bench McElroy
The NFL is only going down from here.
Posted on 3/21/18 at 9:49 pm to chalmetteowl
quote:there is no maybe. It isn't close
Maybe
Posted on 3/21/18 at 9:51 pm to Bench McElroy
Wait, I didn’t see P Diddy’s name on that list
Posted on 3/21/18 at 9:51 pm to hsfolk
quote:
and this is supposed to be a punishment to Jerry Richardson?
He'll lose some of his ego after the sale. Thats the best I can come up with.
Posted on 3/21/18 at 10:18 pm to Bench McElroy
No Diddy, Jay-Z, Kaep, or Steph Curry!?!?!?
Posted on 3/21/18 at 10:29 pm to gthog61
quote:
Hell the Clippers sold for $2 Billion.
That was the sale that fricked everything up. It would have been way lower but Paul Allen pulled his nuts out and was like "booooom!"
Tom Benson bought the Hornets a couple years ago for less than $400 mil. Gayle can sell the team to some dipshit in Seattle for more than a billion just a few years later. Something isn't right...
Posted on 3/21/18 at 10:53 pm to GREENHEAD22
quote:
The NFL is only going down from here.
People have been saying this for years. I guess if you just keep saying it, eventually you'll be right.
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