Article running on WBTV.....here is a 'snip-it' of the article..
Posted: Jan 16, 2013 9:45 AM EST<em class="wnDate">Wednesday, January 16, 2013 9:45 AM EST</em>Updated: Jan 17, 2013 6:49 AM EST
CHARLOTTE, NC (Charlotte Business Journal, Erik Spanberg) -
The city of Charlotte has ample motivation for making a deal with the Carolina Panthers — and it starts with succession plans for majority owner Jerry Richardson. A source close to the team told Charlotte Business Journal's Erik Spanberg that Richardson, 76 years old and four years removed from heart-replacement surgery, has mandated the NFL franchise be sold two years after his death.
The revelation marks the first time details have been disclosed about the Panthers' fate beyond the life of Richardson, the founding owner.
Mark and Jon Richardson, his sons, worked as Panthers executives before Jerry Richardson forced them out in 2009. Until then, everyone assumed Mark and Jon Richardson would own and operate the team after their father's death. Since then, Richardson and the Panthers have declined to disclose succession plans.
And what does all of this talk about ownership have to do with taxpayer money helping pay for renovations at Bank of America Stadium? Simple, really. The Panthers need to be tied to the city before anyone not named Richardson becomes the owner of the franchise.
An easy way to do that is to commit to the stadium overhaul the Panthers have been working on for much of the past year. The price tag: $125 million from the city, most likely through an additional 1 percent tax on restaurant meals and bar tabs. City Council heard a presentation from Richardson Monday night during a closed session, and, based on the few remarks offered by a handful of witnesses, he seems to have made a convincing argument.
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