Latest updates on the team sale

[Moo Daeng]

How much does a minority owner contribute to the running of a team when it's the Rooneys? Or is it that he at least sees how they do things?

In that case dont expect much to change regarding the model of how the franchise is fun as Richardson also modeled after them. I am pretty indifferent to who it is. 

On the surface it would seem that the biggest change would come from an outsider to the Rooney sphere. This is opinion of course

[Mr. Scot]

Radio interview of Bloomberg's Scott Soshnick by Pat McCrory on WBT...

Latest info on Panthers sale

It's worth a listen, but here are some highlights:

- Roger Goodell's "unprecedented interest" comment is bulls--t. As sports team sales go, the activity level, number of bidders, etc for the Panthers sale is probably average to a little below average. The reason for the price being what it is has less to do with "unprecedented interest" and more to do with the fact that NFL teams are a guaranteed profitable investment.

- Goodell's comments about not being updated on the Richardson investigation are probably disingenuous also. The league isn't likely to reveal anything that could negatively affect the value of the team until after the sale process is complete. The team fetching a record price benefits them too for PR reasons.

- On that front, it's apparently been leaked that the team's value may have risen above 2.5 billion to the 2.7 billion range. Whether this is true or someone is leaking this for their own reasons is unknown, but it's a legitimate possibility.

- Alan Kestenbaum might not actually be the first of the potential buyers to visit. Others might have already visited without publicizing it. But even if he is the first, Soshnick believes it means absolutely nothing.

- Canadian gazillionaire Jim Pattison is not yet part of Kestenbaum's group and might not join in. Kestenbaum could need a little extra effort to get the liquid cash required if Pattison doesn't sign on. Soshnick points out that getting assets liquidated is not as easy as it sounds.

- The only guys who have the actual liquid assets sufficient to write a check for the team immediately are David Tepper and Jim Goodnight, but Goodnight hasn't officially jumped into the process yet, and might not. There's speculation that Goodnight may not be so much interested in owning the team as he is wanting to make sure that a major employer and revenue source doesn't leave the Carolinas.

- No matter who wins the bidding process, expect the new owner and the league to start dropping hints that a new stadium is needed sooner rather than later. The league has a script they follow when they want to get this kind of thing done.

 

For my part, I kind of suspected Goodell might be blowing smoke about the interest level. He has a vested interest in people believing that, of course.

Word on Michael Rubin has been that he had put in a bid, but wasn't willing to escalate higher. While he's been reported to still be "interested at the right price", if the rumors of the team's value moving above 2.5 are true, it doesn't sound like Rubin will go there. Since Breer indicated that for whatever reason, Jerry Richardson doesn't seem to favor him anyway, it may not make a difference.

[Chiefzack]

Is Gerry Richardstien still in the running?

[Carl Spackler]

I hope George Soros buys the team

[TPanther920]

38 minutes ago, Carl Spackler said:

I hope George Soros buys the team

I laughed out loud

thats funny

the huddle would go nuclear 

 

hahahaha

[Mr. Scot]

7 minutes ago, TPanther920 said:

I laughed out loud

thats funny

the huddle would go nuclear 

 

hahahaha

The Huddle will probably go nuclear regardless of who buys the team, to be honest.

[mc52beast]

Just wondering if the NFL Shield will finally be demolished

[bobsfoodbasics]

 

[Mr. Scot]

1 hour ago, bobsfoodbasics said:

 

Makes sense.

[CarolinaSamurai]

Any of you see the WCNC story about there being 6 bidders and the known bidders have only put forth btwn 2.0-2.2 Billion?

 

Edit: here it is

http://www.wcnc.com/mobile/video/sports/nfl/panthers/bidders-emerge-for-the-panthers/275-8062474

[Doc Holiday]

33 minutes ago, CarolinaSamurai said:

Any of you see the WCNC story about there being 6 bidders and the known bidders have only put forth btwn 2.0-2.2 Billion?

 

Edit: here it is

http://www.wcnc.com/mobile/video/sports/nfl/panthers/bidders-emerge-for-the-panthers/275-8062474

There have been several reports of the bidding already being at $2.5B

it doesn’t matter to me who buys the team, but owners with deeper pockets can afford different luxuries for the front office and coaching staff that other owners can’t afford.

remember, players are the only ones who have to abide by the salary cap.

[Moo Daeng]

I haven't seen anything concrete  about a bid at 2.5. Only speculation that it would sell for at least that. 

[Mr. Scot]

37 minutes ago, Moo Daeng said:

I haven't seen anything concrete  about a bid at 2.5. Only speculation that it would sell for at least that. 

Bidding for Panthers reaches 2.5 billion

[Mr. Scot]

With Person confirming that Navarro will visit Wednesday, you can expect that it'll be probably at least another week before we find out anything definitive.

Does sound like it's coming down to crunch time though.