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Panthers for sale?

Smithers

By Smithers,
in Carolina Panthers

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panther4life Community Regular

panther4life

Posted
Posted
50 minutes ago, Madrock said:

I'm pretty sure a couple years ago, I read somewhere that if Jerry were to die, there was a clause in his will that whoever took over the team had to keep it in Charlotte for 10 years.

I thought the same thing. Came across an article that explained it. http://www.bizjournals.com/charlotte/blog/queen_city_agenda/2016/01/keeping-the-carolina-in-carolina-panthers.html

Quote

The six-year agreement between the team and city government emerged after a 15-year proposal came undone. A so-called “hard tether” binding the team to Charlotte through an option to seek an injunction in local court would have covered all 15 years of the first deal submitted. State lawmakers nixed the proposal, refusing to approve an expanded local meals tax as well as a request for $62.5 million in state money.

If the state had gone along with the idea, the Panthers would have made $250 million worth of renovations and additions, including an indoor practice center. Instead, the city and team reached a 10-year agreement that involved the hard tether for six of those years, meaning the Panthers could move with minimal financial pain starting in 2019.

 

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ickmule Grand Master

ickmule

Posted
Posted

Breaking News : I just bought the team for a dozen donuts and a box of Joe. I'm gonna remove the NFL logo from mid field and place a huge DD there.  The only drink offered at the stadium frncnoe on will be coffee or baileys and coffee. 

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