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Latest updates on the team sale

Mr. Scot

By Mr. Scot,
in Carolina Panthers

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Snake Grand Master

Snake

Posted
Posted
On 3/30/2018 at 12:43 AM, Mr. Scot said:

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.

All Rubin wanted to do is buy cheap and sell it to a higher market. With Sadiq Khan saying that London would shell out millions of pounds for a nfl team I would guess that's what they had in mind. 

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Moo Daeng Experienced

Moo Daeng

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8 hours ago, Snake said:

All Rubin wanted to do is buy cheap and sell it to a higher market. With Sadiq Khan saying that London would shell out millions of pounds for a nfl team I would guess that's what they had in mind. 

Millions of pounds? Is Dr Evil going to be the backer?

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pnthrs Apprentice

pnthrs

Posted
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15 hours ago, LordOfDaWingz said:

Roger Goodell was in town today. I'm guessing it has something to do with the sale.

Goodell was at Elon visiting the campus with his daughter so I think he just popped over to Charlotte when in the region. Maybe he was meeting a new owner maybe he was just in the area. 

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Ja Rhule Grand Master

Ja Rhule

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15 minutes ago, pnthrs said:

Goodell was at Elon visiting the campus with his daughter so I think he just popped over to Charlotte when in the region. Maybe he was meeting a new owner maybe he was just in the area. 

Was in on Friday?  Ballantyne resort had cops on every street around the resort.  The only time this happens when big hotshots are in town.

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TheSpecialJuan Grand Master

TheSpecialJuan

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David Newton ESPN Staff Writer 

NFL commissioner Roger Goodell was spotted at 5Church eating brunch in Charlotte, North Carolina. Interesting timing with Charleston, South Carolina billionaire Ben Navarro, one of four known bidders on the Panthers, planning a visit to Bank of America Stadium this week.

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AggieLean Grand Master

AggieLean

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On 3/31/2018 at 2:23 PM, Snake said:

All Rubin wanted to do is buy cheap and sell it to a higher market. With Sadiq Khan saying that London would shell out millions of pounds for a nfl team I would guess that's what they had in mind. 

Where are you getting this information from? And again, why is Rubin more likely to sell than these other guys?

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Mr. Scot Grand Master

Mr. Scot

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Make of this what you will, but apparently Ben Navarro's visit has been moved up. WBTV is reporting that Navarro is in town to visit the Panthers facilities today rather than Wednesday as had previously been announced.

Could mean nothing, but could potentially mean that the time frame on the sale is speeding up. Folks have tried to connect this with Roger Goodell's being in town (which again could just be coincidence). It is worth remembering that per Albert Breer, the NFL has already begun the process of vetting Navarro.

Still no word on when or if David Tepper will visit.

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MikeD83 Apprentice

MikeD83

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9 minutes ago, Mr. Scot said:

Make of this what you will, but apparently Ben Navarro's visit has been moved up. WBTV is reporting that Navarro is in town to visit the Panthers facilities today rather than Wednesday as had previously been announced.

Could mean nothing, but could potentially mean that the time frame on the sale is speeding up. Folks have tried to connect this with Roger Goodell's being in town (which again could just be coincidence). It is worth remembering that per Albert Breer, the NFL has already begun the process of vetting Navarro.

Still no word on when or if David Tepper will visit.

Goodell has been in NC visiting colleges with his daughter. May just be passing through, but the timing is interesting for sure.

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