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For Sale


Mr. Scot

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26 minutes ago, Paa Langfart said:

I would not be surprised if we have some overseas folks bidding on the team.  There are a lot of rich Chinese, Middle easterners, and other far easterners out there who are looking for some place to park a few billion dollars.

That might be true but Richardson gets to pick who he sells too.  So don't expect any of them.  

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8 hours ago, LinvilleGorge said:

Just because contracts are signed currently with the Panthers doesn't necessarily mean they have to be honored by new ownership. New ownership could boot anyone they want and just pay out their contract.

Hurneys time as GM is definitely limited. A new owner will want someone of there choosing to run the show along with the new president. I would like to see the new owners construct a dome as well so the Panthers will have a better stadium and more ways to create revenue. BOA is just as old school as the former owner. 

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14 minutes ago, bada bing! said:

So how long does it take to sell a team? What do we expect here - days, weeks, months?

4 months was how long it took the Bill's to be sold. I'm hoping the end of March since Richardson is selling it directly and can pick who buys them.  Owners meeting is at the end of March.  So the owners could vote then.  

May would be 4 months. 

But Jeremy is thinking July.  Either way it will be before the beginning of the season. 

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9 hours ago, Mr. Scot said:

 

- The team's current lease with the city and Bank of America Stadium expires in June 2019, which has some worried about potential relocation

 

I believe it is a "Tether" to the city and not a lease.  After 2019 the Panthers own the stadium completely and are not obligated to the city.  If the team leaves before the tether the city can buy the stadium for 1 dollar.  

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7 hours ago, Mr. Scot said:

One final note for tonight: Jerry Richardson met with players in the locker room after the game for "an emotional goodbye".

If you're tempted to blame Cam, Luke and any of the other players for talking positively about Richardson in the face of everything that's happened, you probably shouldn't.  They wouldn't have been in a position to see any of the alleged events.

Regardless, the Richardson era of Panthers ownership will end without a Super Bowl victory.  Two appearances, but no trophy.

 

 

That and JR has been like a father-figure to many of these guys... would you abandon your father or someone you considered family if he was accused of behaving badly? 

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6 minutes ago, pnthrs said:

I believe it is a "Tether" to the city and not a lease.  After 2019 the Panthers own the stadium completely and are not obligated to the city.  If the team leaves before the tether the city can buy the stadium for 1 dollar.  

Correct, and the city leases the land the stadium sits on to the Panthers for 1 dollar a year. 

One of the things that has been ignored in all this new stadium talk is a major reason for the 2.3 billion dollar value of the Panthers is the stadium they currently own. So Sabates argument that a new stadium would be needed to recoup the cost of buying the team is silly when you think about throwing the stadium away that makes up a large portion of what you bought... LOL

I think Sabates is talking out of his a$$. If his group has the winning bid he'll be a minority partner and his opinion on the need for a new stadium ultimately won't matter. 

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Two important time periods.

 

With NFL owners having to approve the sale of the team to a new owner. This will take place at the owners meeting.  There are 2 meetings schedule before the start of the new season. 

The annual meeting this year is in Orlando from March 25th to the 28th. 

The other meeting is the Spring meeting which will be in Atlanta from May 21st to May 23rd. 

 

While I think they could possibly get it done in March.  The May meeting would be more than enough time to finalize the sale. 

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12 minutes ago, CatMan72 said:

Correct, and the city leases the land the stadium sits on to the Panthers for 1 dollar a year. 

One of the things that has been ignored in all this new stadium talk is a major reason for the 2.3 billion dollar value of the Panthers is the stadium they currently own. So Sabates argument that a new stadium would be needed to recoup the cost of buying the team is silly when you think about throwing the stadium away that makes up a large portion of what you bought... LOL

I think Sabates is talking out of his a$$. If his group has the winning bid he'll be a minority partner and his opinion on the need for a new stadium ultimately won't matter. 

Thank you! A lot of the value is actually owning the stadium so why bulldoze that said value?!

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2 hours ago, Paa Langfart said:

I would not be surprised if we have some overseas folks bidding on the team.  There are a lot of rich Chinese, Middle easterners, and other far easterners out there who are looking for some place to park a few billion dollars.

We need them IF THEY CAN CATCH THE BALL!!!!!!!!!

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