Consultant: City needs next deal for Carolina Panthers

[SCP]

For those business minded Huddlers.  Intriguing article by Eric Spanberg of the CLT Biz Journal

http://www.bizjournals.com/charlotte/blog/queen_city_agenda/2015/09/consultant-city-needs-next-deal-for-carolina.html?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+charlotte_blog_queencity+(Charlotte+Queen+City+Agenda)&utm_term=%23cltcc+

[SCP]

"All of which makes for an intriguing, and uncertain, future. Jerry Richardson, the 79-year-old majority owner, is planning for the team to be sold after he dies. Who buys the team, and that person’s views on keeping BofA Stadium or building a new one, are going to become major issues when Richardson no longer owns the Panthers.

Bob Hagemann, the city attorney, told me Thursday the contract between the team and the city also allows the city to buy the stadium at a nominal cost if the Panthers relocate. That provision exists to avoid having an empty, neglected stadium in the middle of uptown if the city loses the NFL franchise, he said."

[Dex]

Whyyyyyyyyy

[Darth Biscuit]

What's the deal between Jerry and his kids?  Why doesn't he want them to have it?

 

[joemac]

Right? Why in the world would you not want to keep the team and pass everything down to your kids...talk about a legacy!!

 

[rico6]

Should I feel weird that a Charles G. Monnett Attorneys Ad is attached to this thread? 

[caatfan]

What's the deal between Jerry and his kids?  Why doesn't he want them to have it?

 

JR says the family's stake (47%) would be too much of a tax burden after his death. It's also clear he didn't think much of Jon (deceased) and Mark as management guys. 

[PandaPancake]

What's the deal between Jerry and his kids?  Why doesn't he want them to have it?

 

Ever seen a successful business ran into the ground by the founder's kids?

[UpstatePanther]

 Ever seen a successful business ran into the ground by the founder's kids?

i seem to remember some nfl franchise recently dealing with legal issues over that.... cant for the life of me think of who it might be. surely they dont play in the Panthers' division though... surely the owner doesnt also own an NBA team or anything...

[Mr. Scot]

Right? Why in the world would you not want to keep the team and pass everything down to your kids...talk about a legacy!!

When one of your sons is dead and the other one is Mark.

[Hammerin'Cameron34]

They better never leave

 

[Snake]

LA Panthers 2016!

[Sam Mills Fan]

This stuff really doesn't concern me. We have a great fan base and a system that maximizes profitability for the team in Charlotte already. The only city primed for a team to relocate to it is Los Angeles and the Chargers will probably do that in a year or two. A new owner moving an entire NFL organization from Charlotte to the West Coast makes no sense.

 

The Carolina Panthers will be in Charlotte until long after we're all dead or the zombie outbreak begins.

[PandaPancake]

Just wondering, who in the organization is in charge of these negotiations? What's the title I'm sure I won't know the name