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Tepper NOT out

Mr. Scot

By Mr. Scot,
in Carolina Panthers

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Mr. Scot Grand Master

Mr. Scot

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The New York Times has now edited their article and changed their headline to tone down the language.

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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, will not increase his offer to meet the current asking price of $2.5 billion, which makes it unlikely that he will win the ongoing auction for the club, according to two people with knowledge of his interest in the team.

Tepper’s decision comes a few weeks after Michael Rubin, the owner of the online retailing giant Fanatics, bowed out. Both men could return to the bargaining table if Richardson decided to accept a lower price.

Their apparent 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.

According to several people familiar with the auction, Navarro is believed to have offered $2.6 billion, though it is unclear whether he needs the help of other investors to cover that price.

Panthers Sweepstakes Enters Home Stretch

Here's the previous writeup as quoted by UNCRules

Quote

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.

 

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Mr. Scot Grand Master

Mr. Scot

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9 minutes ago, Cary Kollins said:

awkwarddd

What I find interesting is that he called her to correct this report, not the other way around.

I just figured Peralta was fact checking, but the fact that he initiated it was a surprise.

Granted, he still could bow out, but it's intriguing.

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Cary Kollins Experienced

Cary Kollins

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3 minutes ago, Mr. Scot said:

What I find interesting is that he called her to correct this report, not the other way around.

I just figured Peralta was fact checking, but the fact that he initiated it was a surprise.

Granted, he still could bow out, but it's intriguing.

 

Seems like a matter of semantics and him wanting to not seem like a cheap skate billionaire, or something.

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Mr. Scot Grand Master

Mr. Scot

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1 minute ago, Cary Kollins said:

Seems like a matter of semantics and him wanting to not seem like a cheap skate billionaire, or something.

That's a possibility.  Luis Moreno also said it sounded a little "face saving" to him.

Word was Tepper wasn't willing to go above 2.0 to 2.2.  If it's true that Navarro has bid 2.6 billion, it doesn't sound like  Tepper's gonna win.

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