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Tepper Out; Bidding down to Navarro and Kestenbaum per NYT

UNCrules2187

By UNCrules2187,
in Carolina Panthers

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UNCrules2187 Mentor

UNCrules2187

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The sale of the Carolina Panthers appears to be near.

David Tepper, the hedge-fund billionaire whom many N.F.L. owners pointed to as the preferred choice to buy the team, has backed out of the auction for the club, according to two people with knowledge of his interest in the team.

Tepper’s departure comes a few weeks after Michael Rubin, the owner of the online retailing giant Fanatics, also bowed out. Both men balked at the asking price of at least $2.5 billion.

Their departures narrow the field to two for membership in the most exclusive and expensive owners club in North American sports: Ben Navarro, who owns Sherman Financial Group, an investment firm; and Alan Kestenbaum, the chief executive of Bedrock Industries, which owns and operates metal and mining companies.

 

https://www.nytimes.com/2018/04/09/sports/football/panthers-sale.html

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Mr. Scot Grand Master

Mr. Scot

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Guess that tour of the facilities didn't go so well, eh?

Kestenbaum had been described by Breer as "on the fringe". General consensus was that it was between Tepper and Navarro. If Tepper is bailing, then it's reasonable to expect Navarro is the guy. 

Of course, Kestenbaum could indeed up his bid. We'll see.

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TheSpecialJuan Grand Master

TheSpecialJuan

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4 minutes ago, Mr. Scot said:

Guess that tour of the facilities didn't go so well, eh?

Kestenbaum had been described by Breer as "on the fringe". General consensus was that it was between Tepper and Navarro. If Tepper is bailing, then it's reasonable to expect Navarro is the guy. 

Of course, Kestenbaum could indeed up his bid. We'll see.

Navarro was always JR favorite and it seems, he will be the new Panthers owner. 

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Mr. Scot Grand Master

Mr. Scot

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Just now, The Huddler said:

Pros and cons of navarro? 

Has a football background because his dad was a college coach.

Per a poster on here, said by one employee to be a very humble and likable person.

Reportedly very passionate about wanting the team.

Only possible hurdle: they have to make sure he can secure the funds to write the check.

(somebody tell him Felix will chip in, if needed)

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