Everyone bitching about JR saying he can afford $125 million because he is a "billionaire" need to do some simple math:
Assume JR is a billionaire, which I actually do not believe is the case since he owns 48% of the Panthers, and therefore if the franchise is valued at $1 billion he would have a stake valued at $480 million, but let's assume he's a billionaire.
$125 million would require him to liquidate 12.5% of his net worth, which would require him selling off a significant share of the Panthers, and make it even more likely that an outside group could take control of the team. People assume he must be sitting on a giant pile of cash just for owning an NFL team, not realizing that the salary disbursements for NFL teams makes up a massive portion of their overall revenue, and much of the rest is allocated to the significant front office resources needed to make the team as competitive as possible. If it wasn't for the TV money allocated to all 32 NFL teams the financial shape of many, many teams would be in dire straits. So, $125 million would be a full year's worth of salary cap coming directly out of the team's coffers and make them much more vulnerable to lowered ticket sales, salary cap constraints and revenue shortfalls.
This isn't a case of the team taking free money and hoarding it, it's a case of reaching competitive balance with other stadiums without putting themselves in a financially compromised position, particularly if an outside group is hoping to buy enough shares to oust JR and take the team elsewhere.
So stop your bitching.
Yeah because no one would give him a low % loan. He would totally be required to liquidate assets. With all the revenue sharing the cost should be split between the NFL and Richardson.
you know less about business than you do football.