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Richardson group should pay PSL owners

Squirrel

By Squirrel,
in Carolina Panthers

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Squirrel

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One thing about this sale that hasn't been mentioned. The PSL owners paid for the building of Bank of America.  Richardson's Group is going to get paid by the new owner to buy the stadium. 

 

The Richardson group should send that money to the PSL owners as they actually paid for the stadium to be built.  

 

The money should be divided up by percentage paid in. So if you own lower level seats you get a higher percentage.   When built psl owners paid around 500 million.  They should at least get back that much if not more. 

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vorbis Community Regular

vorbis

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PSL owners didn't pay for the building of the stadium. they paid for first option to buy season tickets. that one step of abstraction is all the legal cover anyone would need to avoid money obligations to PSL owners when the franchise (+ stadium) were sold.

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Squirrel

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16 minutes ago, vorbis said:

PSL owners didn't pay for the building of the stadium. they paid for first option to buy season tickets. that one step of abstraction is all the legal cover anyone would need to avoid money obligations to PSL owners when the franchise (+ stadium) were sold.

I beg to differ PSLs was advertised as a way to pay for the stadium so that the city could get a team. 

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