Why is the sale of the team taking so long?

[Moo Daeng]

And certainly confidentiality agreements come in to play. 

[Squirrel]

I expect we will hear something in the next 2 weeks. League meeting coming up at the end of March.  Will probably vote the new owner in then. 

[pantherclaw]

1 hour ago, La Pantera said:

He's talking about the sale of a minority share of the Titans.....

 

Even so, I was just bringing up an example with the Titans. He wants to argue semantics, when the original point I made, which answers his original question, it that the process takes time.

[Mr. Scot]

26 minutes ago, Squirrel said:

I expect we will hear something in the next 2 weeks. League meeting coming up at the end of March.  Will probably vote the new owner in then. 

A couple of different people that cover the team have suggested that's quite possible.

[Carl Spackler]

Probably because Diddy doesn't want to publicize his purchase yet

[bababoey]

The difference between the sale of the Clippers and the sale of the Panthers is no one is forcing Jerry to sale the Panthers.  The NBA forced the sale of the Clippers.

[Ornias]

Cause it takes time to set up a blind trust to sell it too and still be able to run the team. 

[Mr. Scot]

19 minutes ago, Ornias said:

Cause it takes time to set up a blind trust to sell it too and still be able to run the team. 

Everything involved with the sale is being handled by a law firm, not the Panthers.

[tondi]

Multi billion dollar deals take time. Its not like selling your lawnmower on Craigslist. 

[Mr. Scot]

8 minutes ago, tondi said:

Multi billion dollar deals take time. Its not like selling your lawnmower on Craigslist. 

Or a couch on a football forum...

[Eazy-E]

Let me just clarify I know that the actual “sale” will take time. It’s not like some guy is going to waltz in, throw some money down, shake hands and bam, new owner.

I should have made it more clear that I am just wondering why it is so quite. The sale of a sports franchise is usually a pretty big deal and often times publicly reported. Maybe the NBA is different but I am basing my opinion around that since way more NBA teams have been sold in the past 5 to 10 years than the NFL. Something like 10 to 3.

Take the bills for example. Trump wanted to buy the Bills but was out bid by the eventual new owners. This was very public and trump would often tweet about it. (What a surprise) I would say P Diddy is a close comparison to this but Diddy doesn’t have anywhere near the money to be taken seriously. The only other person to come out and say anything is Felix Sebates and he won’t say who the actual buyer is who heads his group.

tldr: Yes I know this will take time I am just wondering why it is being kept a secret. Shouldn’t we at least have some statements or something from legit people who want to make a bid?

[jbland]

15 hours ago, Eazy-E said:

Only a 3rd of the team is being sold and it is not for controlling power of the team. I doubt many people would want to spend 500+ million dollars and have no control over what they just purchased. 

Incorrect. It has been announced since almost the beginning that the WHOLE team is up for sale. Not just Richardson’s part. 

[iBBB]

1 minute ago, jbland said:

Incorrect. It has been announced since almost the beginning that the WHOLE team is up for sale. Not just Richardson’s part. 

Should we tell him

[Eazy-E]

1 hour ago, jbland said:

Incorrect. It has been announced since almost the beginning that the WHOLE team is up for sale. Not just Richardson’s part. 

I was referring to the Titans. Someone mentioned that the titans have been up for sale for a few years now. Only a third of the Titans are for sale and it is a non controlling third. So pretty much they are looking for a very large investor.