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Panthers owner Jerry Richardson might get his bidding war after all

ladypanther

By ladypanther,
in Carolina Panthers

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ladypanther Grand Master

ladypanther

Posted
Posted

http://www.charlotteobserver.com/sports/nfl/carolina-panthers/article201568919.html

 

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Multiple deep-pocketed individuals are being mentioned as potential bidders for the Carolina Panthers, put up for sale in January by longtime owner and founder Jerry Richardson.

That could be good news for Richardson, who owns 48 percent of the franchise, and his minority partners.

The Panthers could sell for between $2.3 billion-$2.8 billion, experts say. And even the appearance of more credible bidders, some of whom the Observer has been able to verify, could mean a difference of a half-billion dollars in the value of the team.

 

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Viable names reported so far include billionaires David Tepper (by NFL Network) and Frank and Lorenzo Fertitta (by CBS’ Jason La Canfora), Ben Navarro and a group that includes Charlotte businessman Felix Sabates.

Article includes info on several potential buyers.

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Ace_Aladdin Newbie

Ace_Aladdin

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20 minutes ago, Mr. Scot said:

No indication that either is interested, and Jordan doesn't have the money to compete with guys like Navarro and Tepper.

Big Business ppl like to keep negotiations under wrap until the right time.

MJ has enough money w/ his group.

(NFL will even help MJ group  w/ finance  similar to MLB deal with Jetter)

The bigger question is will NFL push for a minority owner due to changing customers & landscape of America aka more diversity.

 

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Mr. Scot Grand Master

Mr. Scot

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2 minutes ago, Ace_Aladdin said:

Big Business ppl like to keep negotiations under wrap until the right time.

MJ has enough money w/ his group.

The bigger question is will NFL push for a minority owner due to changing customers & landscape of America aka more diversity.

There's no indication Jordan even has a "group".

But if he did, unless he's hanging with somebody that's worth more than 11 billion, he's not competing with Tepper.

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pnthrs Apprentice

pnthrs

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2 minutes ago, Mr. Scot said:

There's no indication Jordan even has a "group".

But if he did, unless he's hanging with somebody that's worth more than 11 billion, he's not competing with Tepper.

MJ would have to divest the hornets and completely shift his focus.  He has never indicated this as an option. He also would have some difficulty writing a 650m check. MJ isn’t an option. If he were his current ownership style is the opposite of what we need anyway. 

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carpanfan96 Grand Master

carpanfan96

Posted
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1 hour ago, pnthrs said:

MJ would have to divest the hornets and completely shift his focus.  He has never indicated this as an option. He also would have some difficulty writing a 650m check. MJ isn’t an option. If he were his current ownership style is the opposite of what we need anyway. 

MJ is worth almost 1.7b dollars now, 700m of that is the Hornets. Considering his cash flow from Nike and his relationship with them, I wouldn't be surprised if he could come up with the money if he wanted too. 

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pnthrs Apprentice

pnthrs

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50 minutes ago, carpanfan96 said:

MJ is worth almost 1.7b dollars now, 700m of that is the Hornets. Considering his cash flow from Nike and his relationship with them, I wouldn't be surprised if he could come up with the money if he wanted too. 

Ok. Assuming those valuations are correct then he could potentially pull together 800m personally but the problem would be the timeframe. He has a lot of value but not cash and value is hard to turn into cash in tight windows. Regardless he is a very public figure who hasn’t shown a single iota of interest so even if he could sell the hornets in the time he hasn’t begun that process. If MJ could write a 250m check in the next 6mo I’d be surprised. 

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Mr. Scot Grand Master

Mr. Scot

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10 minutes ago, pnthrs said:

Ok. Assuming those valuations are correct then he could potentially pull together 800m personally but the problem would be the timeframe. He has a lot of value but not cash and value is hard to turn into cash in tight windows. Regardless he is a very public figure who hasn’t shown a single iota of interest so even if he could sell the hornets in the time he hasn’t begun that process. If MJ could write a 250m check in the next 6mo I’d be surprised. 

Give up owning a team in the sport he's loved his whole life in order to buy one in a sport he's never had any association with or interest in...

Yeah, that'll happen.

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