Jump to content

  • Welcome!

    Register and log in easily with Twitter or Google accounts!

    Or simply create a new Huddle account. 

    Members receive fewer ads , access our dark theme, and the ability to join the discussion!

     

Alan Kestenbaum, steel company CEO, is latest potential Carolina Panthers bidder

joeyxfresco

By joeyxfresco,
in Carolina Panthers

Recommended Posts

joeyxfresco Contributor

joeyxfresco

Posted
Posted
Quote

Multiple sources have told the Observer that a steel and mining industry executive has surfaced as the latest potential bidder for the Carolina Panthers.

Alan Kestenbaum is the chairman and CEO of the private equity firm Bedrock Industries LP, which in June bought a 107-year-old Canadian steel company now called Stelco Holdings.

The sources spoke with the Observer spoke on the condition of anonymity because the bidding process is confidential. Kestenbaum could not be reached for comment.

Quote

So far, the three other likely bidders that have surfaced are Charleston businessman Ben Navarro, Philadelphia e-commerce innovator Michael Rubin and Miami hedge fund manager David Tepper. Charlotte businessman Felix Sabates has spearheaded a potential local ownership group, but a source said he might look at partnering with another bidder. It’s not clear if any others will enter the race.

According to a bio on his company website, Kestenbaum has “extensive investing and operating experience in the natural resources sectors as well as a successful track record in turnarounds and restructurings.” He is the past founder of a company called Globe Specialty Metals Inc. and former chairman of Ferroglobe PLC. In early 2015, Globe agreed to merge with a Spanish company called Grupo FerroAtlantica for $3.1 billion.

Bedrock is based in Miami and public records show that Kestenbaum owns beachfront condominiums in Dade County, Fla.

A Bloomberg News story in December described him as a 55-year-old Brooklyn-born turnaround artist who sees promise in a steel company that has struggled with losses, gone through bankruptcy protection twice and endured thorny labor relations. After completing an initial public stock offering in November, Stelco will use part of the $181 million in IPO proceeds to boost capacity at steel mills and to pursue possible acquisitions, according to a Reuters story.

“Many companies and owners today have broken balance sheets, are forced asset sellers and have operational issues. We talk to everybody,” Kestenbaum told Reuters. Bedrock controls 85 percent of Stelco, he told Business News Network last year.

http://amp.charlotteobserver.com/sports/nfl/carolina-panthers/article206172239.html?__twitter_impression=true

Link to comment
Share on other sites
LinvilleGorge Grand Master

LinvilleGorge

Posted
Posted

Normally, I would say that any non-American interest wouldn't have a chance in hell if getting voted through by the owners, but given the NFL's obvious pursuit of a global presence in recent years with the London and Mexico City games as well as open talk about possibly eventually having teams based in places like London and Toronto, who knows?

Link to comment
Share on other sites
t96 Grand Master

t96

Posted
Posted
Just now, LinvilleGorge said:

Normally, I would say that any non-American interest wouldn't have a chance in hell if getting voted through by the owners, but given the NFL's obvious pursuit of a global presence in recent years with the London and Mexico City games as well as open talk about possibly eventually having teams based in places like London and Toronto, who knows?

aren’t the new Bills owners Canadian?

Link to comment
Share on other sites
TheSpecialJuan Grand Master

TheSpecialJuan

Posted
Posted
1 minute ago, LinvilleGorge said:

Normally, I would say that any non-American interest wouldn't have a chance in hell if getting voted through by the owners, but given the NFL's obvious pursuit of a global presence in recent years with the London and Mexico City games as well as open talk about possibly eventually having teams based in places like London and Toronto, who knows?

yup

Link to comment
Share on other sites
joemac Grand Master

joemac

Posted
Posted
22 minutes ago, LinvilleGorge said:

Normally, I would say that any non-American interest wouldn't have a chance in hell if getting voted through by the owners, but given the NFL's obvious pursuit of a global presence in recent years with the London and Mexico City games as well as open talk about possibly eventually having teams based in places like London and Toronto, who knows?

He's from Brooklyn and lives in Miami....his company just bought a Canadian steel company.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

Go to topic listing

  • PMH4OWPW7JD2TDGWZKTOYL2T3E.jpg

  • Topics

  • Posts

    • NAS
      PFF ranks the 2025 starting QBs

      By NAS · Posted

      He had games where he was a top 10 QB that week, vs Saints, Falcons, Eagles, Chiefs, Bucs.  Amazing performances that I think show what he can do consistently.  
    • frankw
      PFF ranks the 2025 starting QBs

      By frankw · Posted

      We both know there's more that goes into batted passes than just the height of the QB. Most people here have readily acknowledged this and there were numerous discussions about it before we drafted Young. But if you are presenting a POV that Bryce's height hasn't tied to issues with his footwork then there's nothing anyone is going to be able to say to sway you and you know this. Even beyond the footwork I recall a redzone play where Bryce couldn't see around his right tackle at all where a receiver was waiting practically alone in the end zone for a touchdown. There are real world circumstances that are going to show up over the course of the upcoming season and it's up to Bryce and Dave Canales to make adjustments and do anything they can to mitigate negative instances and yes that begins with Bryce's footwork again. Thanks for your time. Have a nice weekend.
    • Icege
      PFF ranks the 2025 starting QBs

      By Icege · Posted

      I'm arguing that should those supposed deficiencies, like height or pocket footwork, be as consequential as you and others have claimed, then there would be a clear, observable impact in the data. That's not unreasonable. For example, batted passes are often used as a size-related concern (see: Baker Mayfield), yet Bryce ranked among the lowest in deflections at the line. If his stature is such a limitation, why isn't it showing up there? Or are you suggesting that's why his passing yards fall short of your expectations? If the latter, I would hope that you're not discounting yards left on the field due to drops (of which he led the league in).  Also, asking for specific, measurable benchmarks isn't aggression... it's accountability. If that feels uncomfortable, it might be worth reflecting on how much of your anti-Bryce argument is grounded in subjective perception rather than objective metrics. So, again: do you have any specific KPIs beyond total passing yardage, height, and weight that you consider relevant to evaluating whether a QB is top-10? If you want to add YPA and passing yards per game to those metrics, that's fair, just be clear about it. But let's not pretend that asking for clarity is some kind of provocation. I'm simply trying to understand the actual criteria... not just the vibes.
×
×
  • Create New...