Latest updates on the team sale

[boney]

 

[Mr. Scot]

Another article, this one from the New York Times, includes some intriguing points.

As has already been made known, NFL owners prefer David Tepper, but while we know that Tepper is certainly capable of outbidding the others, it’s possible he might not have done so to date.

The Times says the team is expected to sell for around 2.5 billion (already reported) but cites “people with knowledge of the auction”  as saying that neither Michael Rubin nor David Tepper is willing to pay 2.5 billion. 

If true, that would mean that the currently reported high bid of 2.5 billion wasn’t made by Tepper.

Putting this together with Breer’s info, the high bidder might just be Ben Navarro. That, plus his being from the region, might just put him at the top of Jerry Richardson’s list.

There’s a stumbling block, though, as the article does further state that at least three NFL owners aren’t thrilled with Navarro’s business background.  However, Texans owner Bob McNair (the only one to speak on record) says he doesn’t see a problem.  Reading between the lines, McNair might actually support Navarro over Tepper.

Panthers headed toward record sale price

Excerpts:

Quote

While bidders have emerged for the Panthers, several of them appear unwilling to pay far more than what they believe to be the fair price — around $2.3 billion, according to people with knowledge of the process.

So far, there are six bidders, according to a person with knowledge of the process, though only four are publicly known. David Tepper, the founder of the hedge fund Appaloosa Management and a minority owner of the Pittsburgh Steelers; Michael Rubin, the chairman of Fanatics, the sports merchandise company; and Ben Navarro, who owns Sherman Financial Group, an investment firm; have made bids to buy the team. The three offers were between $2 billion and $2.2 billion, according to several people with knowledge of the bids who could not publicly discuss the auction.

Alan Kestenbaum, the chief executive of Bedrock Industries, which owns and operates metal and mining companies, has also bid, though it’s unclear at what price.

 

Quote

Certain N.F.L. owners have already started to make their preferences known. Many owners have said that, all bids being equal, they prefer Tepper because he already owns a stake in the Steelers, which he would have to sell if he bought the Panthers, and because he has the financial wherewithal, with a net worth of roughly $11 billion.

Rubin, who teamed up on his bid with Joe Tsai, the co-founder of the Alibaba Group, is also known to N.F.L. owners because Fanatics is the official retail partner of team merchandise.

While both Tepper and Rubin appear willing to continue bidding for the team, neither are prepared to pay $2.5 billion, according to several people with knowledge of the auction, though they could be posturing.

Representatives for Tepper, Rubin, Kestenbaum and Navarro all declined to comment.

 

Quote

At the meetings here, three owners who declined to be identified because they did not want to be seen injecting themselves into the process, said that Navarro’s holdings in companies that lend to subprime borrowers might be a stumbling block for them.

Navarro’s company, Sherman Financial Group, has stakes in financial services companies around the world, but 90 percent of the revenue and income comes from Credit One Bank, which issues credit cards to credit-challenged customers. Credit One has been sued for using aggressive collection techniques.

 

Quote

On Sunday, Bob McNair, the owner of the Houston Texans, voiced support for Navarro. He cited his philanthropic giving and said he had no issue with his line of work. “His business is a legitimate business,” McNair told reporters. “For me, that wouldn’t be a problem.”

 

[AggieLean]

Well, if McNair likes Navarro, I definitely don’t want him.

[boney]

1 minute ago, AggieLean said:

Well, if McNair likes Navarro, I definitely don’t want him.

Yep. Doesn't really matter though. JR is just going to pick his favorite good ol' boy.

Quote

Another source said that Fanatics owner Michael Rubin’s bid, which reports also linked to Sean “Diddy” Combs, is not dead yet, but it’s becoming increasingly less likely to succeed, in part because of Richardson’s own feelings about who to sell the team to.

1

 

[NJPanthers12]

hey look, jerry Richardson is still a POS scum bag. I'm shocked, just shocked he doesnt want to sell to a group with Diddy. 

[Carl Spackler]

I hope Kestenbaum doesn't get it

[Mr. Scot]

1 minute ago, NJPanthers12 said:

hey look, jerry Richardson is still a POS scum bag. I'm shocked, just shocked he doesnt want to sell to a group with Diddy. 

According to Darren Rovell, Diddy isn't part of the group. Never was. Ditto Steph Curry.

For whatever reason,  Richardson apparently doesnt favor Rubin.

(let the speculation commence)

[Mr. Scot]

56 minutes ago, moresouthernthanyou said:

Isn't Navarro's business one the NFL would find embarrassing or "beneath" the other owners.  I thought he was a debt collector.

Depends on who you ask.

Bob McNair says it's no big deal, Three other anonymous owners say it is,

[Mr. Scot]

37 minutes ago, boney said:

 

Now that's interesting. 

[Carl Spackler]

6 minutes ago, Mr. Scot said:

Now that's interesting. 

It appears that Kestenbaum or the English group is the high bidder. If the $2.5 billion bid is true, it didn't come from Navarro or Tepper.

So now we get to see how important it is for JR to keep the team here (read: not as important as some extra cash).

[moresouthernthanyou]

52 minutes ago, Mr. Scot said:

Depends on who you ask.

Bob McNair says it's no big deal, Three other anonymous owners say it is,

I think you get my first pie.  If this is not true it was not by telling a lie. But Mr. McNair is not who we need to be.

[Moo Daeng]

3 hours ago, Carl Spackler said:

It appears that Kestenbaum or the English group is the high bidder. If the $2.5 billion bid is true, it didn't come from Navarro or Tepper.

So now we get to see how important it is for JR to keep the team here (read: not as important as some extra cash).

Who says those bidders will move it.

There is so much extrapolating of tibits to mean other things within this thread. It's clear some jump to the conclusions they want to jump to.

[Malt Liquor]

Tepper has seen first hand on how to run a winning NFL franchise(the steelers). So in my opinion he would be the owner I would want running the Panthers. 

[joeyxfresco]

Rubin or Tepper