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Jeremy Igo

My pick for new Carolina Panthers owner

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My pick for the Carolina Panthers recently opened majority ownership position:

 

Current Carolina Panthers minority share holder Tim Belk

Relatively young (60) local guy. Would never move the team. Family has strong ties to the Carolinas. 

Already has the Belk Bowl at Bank of America Stadium. Obviously loves football. 

Recently retired from Belk. Plenty of free time. 

Family is worth billions. 

 

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7 minutes ago, Jeremy Igo said:

 

Family is worth billions. 

 

 

All the talk about Sean Combs or other celebrities completely misses this one important thing. Having millions is not going to do it. It's going to take a billion to even get into the real bidding. 

And with Belk, he already owns a minority share, adding in JR's percentage would make him a very strong majority holder.

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3 minutes ago, Khyber53 said:

 

All the talk about Sean Combs or other celebrities completely misses this one important thing. Having millions is not going to do it. It's going to take a billion to even get into the real bidding. 

And with Belk, he already owns a minority share, adding in JR's percentage would make him a very strong majority holder.

That is true but celebrities/athletes could easily go the Jeter route.

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7 minutes ago, Khyber53 said:

 

All the talk about Sean Combs or other celebrities completely misses this one important thing. Having millions is not going to do it. It's going to take a billion to even get into the real bidding. 

And with Belk, he already owns a minority share, adding in JR's percentage would make him a very strong majority holder.

They would probably increase his share to 49% and bring in a new minority owner to make up the difference. 

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That would make sense, Belk has been a big part of the team over the years.  Sponsoring Cam, signs around the stadium at one point, etc.

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5 minutes ago, Goondal said:

That is true but celebrities/athletes could easily go the Jeter route.

Jeter has no real say on what goes on with the Marlins.  They just got his face out there.  The real owners are behind the scenes.

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18 minutes ago, Jeremy Igo said:

My pick for the Carolina Panthers recently opened majority ownership position:

 

Current Carolina Panthers minority share holder Tim Belk

Relatively young (60) local guy. Would never move the team. Family has strong ties to the Carolinas. 

Already has the Belk Bowl at Bank of America Stadium. Obviously loves football. 

Recently retired from Belk. Plenty of free time. 

Family is worth billions. 

 

So Tim Belk would have to buy Jerrys full 47 percent or does just needs to own a larger percentage than everyone else?

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2 minutes ago, Matthias said:

Jeter has no real say on what goes on with the Marlins.  They just got his face out there.  The real owners are behind the scenes.

Yeah, they got a good deal there.  They have Jeter as the face and he gets blamed for everything.

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Just now, Goondal said:

Yeah, they got a good deal there.  They have Jeter as the face and he gets blamed for everything.

...and the fans are going in on him right now heehee!!!  Trading away all their good hitters.  If they are not now, they will be the Cleveland Browns of Baseball next year.

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4 minutes ago, countryboi said:

So Tim Belk would have to buy Jerrys full 47 percent or does just needs to own a larger percentage than everyone else?

He would need to increase his share to become a majority owner.  I'm assuming Richardson's kids and wife aren't going to sell their minority shares and that no other owner will sell their share either.

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Just now, Matthias said:

...and the fans are going in on him right now heehee!!!  Trading away all their good hitters.  If they are not now, they will be the Cleveland Browns of Baseball next year.

Yes, it is sad.  It would be one thing if they were getting good deals.  They did not get enough for Ozuna but at least they got something.  Basically gave Stanton and Gordon away.  

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It is far more complicated, of course, than just increasing a minority share.  Richardson's share of the team is held as a partnership which contains many incorporated entities within the partnership.  The two main incorporated entities are Richardson's LLC which owns the majority share and the second LLC which is made up of the several individuals owning minority shares in different proportions.  Levine appears to be the largest minority owner within the minority LLC.  The Belk family appears to be the third or fourth in terms of size of minority owners, owning about 5% of the franchise.

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