jerry richardson Succession Plan

[Meatloaf]

A group led by Bruton Smith and Rick Hendrick will buy it

[mc52beast]

Pretty sure JR will include provisions that state the team must stay in Carolina... no way he lets his prize end up somewhere like North Dakota.

[CatMan72]

Regardless of any rules, I doubt the rest of the owners would approve this. 

Other than ensuring the team stays put, I'm not sure this kind of public ownership is in the best interests of the team. It's worked well in Green Bay, but the Carolinas are on a totally different scale.

[cgarsmoker]

When JR was dabbing in the locker room last weekend, I was cringing when Cam was hopping around beside him.  I was thinking, "dang....Cam take it easy on the Big Cat."  

[Niner National]

I imagine we'll see some of the minority owners step up and purchase the remaining shares of the team.

The Belk family just collected $3 billion dollars for the sale of their company. Maybe they'll be interested.

I could see Bruton Smith also being interested in purchasing the team and passing it on to his children. 

Could be other wealthy families in the area as well. I just don't see it leaving the hands of Charlotte ownership.

[Moorgan]

14 minutes ago, SIGCHI222 said:

That is not allowed under current rules.

Why?

[Hammerin'Cameron34]

1 hour ago, Montsta said:

Steph Curry will buy the team. So it is written, so shall it be done. 

I was thinking about saying Curry instead of Jordan .. Curry maybe could .. maybe

[SIGCHI222]

In the aftermath of the 1980s antitrust litigation, the League operated as if the cross-ownership ban was still in effect, but authorized occasional exceptions (e.g., permitting Wayne Huizenga to own both the Miami Dolphins and Florida Marlins, and permitting Paul Allen to own both the Seattle Seahawks and Portland Trail Blazers).  The League codified this approach in an amendment to its Constitution and Bylaws that allows cross-ownership in another major league sports team in two narrow circumstances: (1) if the two franchises are in the same city, or (2) if the other league’s franchise is in a neutral market, defined as one that doesn’t currently host an NFL team and is not deemed a potential NFL city.

 

I may have to retract that statement.

 

http://www.theofficialreview.com/nfl-cross-ownership-rules/

[Moorgan]

3 minutes ago, SIGCHI222 said:

In the aftermath of the 1980s antitrust litigation, the League operated as if the cross-ownership ban was still in effect, but authorized occasional exceptions (e.g., permitting Wayne Huizenga to own both the Miami Dolphins and Florida Marlins, and permitting Paul Allen to own both the Seattle Seahawks and Portland Trail Blazers).  The League codified this approach in an amendment to its Constitution and Bylaws that allows cross-ownership in another major league sports team in two narrow circumstances: (1) if the two franchises are in the same city, or (2) if the other league’s franchise is in a neutral market, defined as one that doesn’t currently host an NFL team and is not deemed a potential NFL city.

 

I may have to retract that statement.

 

http://www.theofficialreview.com/nfl-cross-ownership-rules/

Doesn't the new Bills owner also own the Sabres? Or does the NHL not count?

[TheRumGone]

It's gonna be nerve wracking times when we get new ownership

[SIGCHI222]

1 minute ago, Moorgan said:

Doesn't the new Bills owner also own the Sabres? Or does the NHL not count?

Yeah, I had to take back what I said.  It appears if the two teams are in the same city it is allowed.

[Hotsauce]

Ever heard of a corporate takeover?

Ok, so let's assume "shares" of the Panthers go on sale.  What do you think rich guys like Magic Johnson who is on the forefront to bring the NFL to LA would do? Buy one share?  LOL. 

If the team was up for grabs like this, they would get bought out and relocate to London or LA so quick. 

[LinvilleGorge]

Stephen Curry?  Are y'all serious?  How in the hell would a current NBA player be able to own and run an NFL team?  Not to mention $$$.  He has a $44M contract.  While that's a poo ton of money for sure, it's a far cry from the $1 BILLION it'll take to buy an NFL franchise.

[Day_One]

me and the company accountant just spent about an hour talking about it. (hes a big corp guy thats retired after 45 years in the business.)  im in texas so hes not sure of NC laws, but our general consensus is that its legal, its doable, and that the league couldnt stop it.   If they tried to, you would be getting into some pretty serious descriminatory stuff.  the league wants to know that the org isnt going to go broke.  hence the 1 owner owning a third of the team. so you would need the purchase price of the team, plus escrow equaling the salary cap.   

At the end of they day, if we came up with  the money, and that person that wanted to buy a third, i think public pressure would be huge to sell it to us.  The NFL would have a huge black eye if they denied it, and lots of lawsuits to boot.  JR's family make take a higher offer, but it would have to be considerably higher to avoid the public stigma

I say we do it.  All we need is a corporation to be set up and a bank willing to administer the trust, (and the big cat to tweak his will a bit)