100% of Panthers will be for sale

[Mr. Scot]

Not just Richardson's 48% share, the whole enchilada.

Full 100% of Panthers for sale

Quote

Panthers controlling owner Jerry Richardson owns only 48 percent of the franchise. But much more than 48 percent of the team will be for sale.

According to the team, the full 100 percent of the franchise’s equity will be available, when the team is placed on the market after the 2017 season ends.

[Admiral Ackbar]

[brandon_87]

I mean... When the "team" is for sale, I'd think the whole team....not just a %

[beastson]

Oh poo

[Nails]

[Mr. Scot]

That's kind of a game changer.

Gotta wonder what this means for the Belks, the Levines and the rest.

[Mr. Scot]

6 minutes ago, brandon_87 said:

I mean... When the "team" is for sale, I'd think the whole team....not just a %

Richardson only owns about 47-48% of the team. The remaining shares are divided among several people.

This means whoever's buying the team is gonna have to pay full price.

Also means those other owners are gonna be out.

[Paa Langfart]

Its going to take some mighty deep pockets to buy this team then.  I hope some one like King Faisal doesn't buy the team and move them to the middle east.  

 

[ickmule]

Well, I don’t feel good about this any longer   

[Matthias]

Thank goodness.  Let's see Diddy raise 2.3+ billion dollars if he can.  I said the sale would probably go over 3 billion.

[Woodie]

It also means that the minimum investment for someone that wants to be the majority owner will be about 750 million.  That will certainly cut down on the riff raff.

[Nails]

3 minutes ago, ickmule said:

Well, I don’t feel good about this any longer   

I feel even BETTER about this.  Whoever buys the team will need MAJOR cheese and have the $$$ to fund the best staff/FO he can, invest in an indoor practice facility, etc. or risk taking a hit on their already overpriced investment.

[Mr. Scot]

3 minutes ago, Matthias said:

Thank goodness.  Let's see Diddy raise 2.3+ billion dollars if he can.

Diddy had no chance either way. 

Butthe pool of people who actually do have a chance probably just got smaller.

[brandon_87]

4 minutes ago, Mr. Scot said:

Richardson only owns about 47-48% of the team. The remaining shares are divided among several people.

This means whoever's buying the team is gonna have to pay full price.

Also means those other owners are gonna be out.

I understand that completely, just wouldn't ever think someone would publicly say a team is for sale unless it was all of it, if it was just his shares, it'd be done behind closed doors for sure