David Newton profiles Ben Navarro

[Eazy-E]

I really hope Navarro is the new owner. It is odd though, he seems like the last guy who would be bidding to buy an NFL franchise. I've met him before without even realizing who he was. Just thought he was the typical laid back Charleston business man. Nice guy.

[mc52beast]

Navarro hires capable people to run an organization...

 

 

 

Hurney is screwed

[chknwing]

he only has $3 Billion?  Hes gonna buy the Panthers and only have $400 million left?

[Mr. Scot]

Just caught some of a radio segment by Darin Gantt. Will post a link and more info in a little bit (got something to take care of first).

Going off of what Gantt said, I think it's possible Richardson might sell the team to Navarro in part to spite the NFL.

[ladypanther]

21 minutes ago, Mr. Scot said:

Going off of what Gantt said, I think it's possible Richardson misght sell the team to Navarro in part to spite the NFL.

I've thought about that.  Not sure Richardson would be feeling that generous to the league these days. (Although...he created the mess).  I think Navarro would work out better for Panther fans.  Do not want the Steelers South.  I like the guy's style...hire good people, rely on experts, and not a big ego. Football background with his dad.  Involvement in the community. And he likes football on grass.  Plus...sounds like he does not just want to own an NFL team...he wants to own the Panthers!

[Mr. Scot]

1 minute ago, ladypanther said:

I've thought about that.  Not sure Richardson would be feeling that generous to the league these days. (Although...he created the mess).  I think Navarro would work out better for Panther fans.  Do not want the Steelers South.  I like the guy's style...hire good people, rely on experts, and not a big ego. Football background with his dad.  Involvement in the community. And he likes football on grass.  Plus...sounds like he does not just want to own an NFL team...he wants to own the Panthers!

We've theorized before that Jerry Richardson might be bitter because the NFL didn't cover for him. Gantt makes it sound like that's a reality.

Gantt also confirms what Albert Breer said a while back, that the NFL wants Richardson to go away as soon as possible.

[pnthrs]

35 minutes ago, chknwing said:

he only has $3 Billion?  Hes gonna buy the Panthers and only have $400 million left?

Majority owner only has to buy 30% so appx 800m. 

[TheSpecialJuan]

he sounds like a sweet man

[Paa Langfart]

1 hour ago, ladypanther said:

I've thought about that.  Not sure Richardson would be feeling that generous to the league these days. (Although...he created the mess).  I think Navarro would work out better for Panther fans.  Do not want the Steelers South.  I like the guy's style...hire good people, rely on experts, and not a big ego. Football background with his dad.  Involvement in the community. And he likes football on grass.  Plus...sounds like he does not just want to own an NFL team...he wants to own the Panthers!

Great Post.

[Paa Langfart]

2 hours ago, chknwing said:

Hes gonna buy the Panthers and only have $400 million left?

Poor bastard.  Someone ought to take up a collection for him.

[iamhubby1]

6 minutes ago, Paa Langfart said:

Poor bastard.  Someone ought to take up a collection for him.

 

    I have heard good things about Go Fund Me. Either way, sounds like the dude could use some help. 

[Tbe]

1 hour ago, chknwing said:

he only has $3 Billion?  Hes gonna buy the Panthers and only have $400 million left?

I’m sure he’s realized there is only so much money one can spend. 400 mil invested in safe tax free municipal bonds earning 5% a year gives him a life time income of 20 mil a year tax free plus whatever the panthers earn him. 

[pnthrs]

31 minutes ago, Tbe said:

I’m sure he’s realized there is only so much money one can spend. 400 mil invested in safe tax free municipal bonds earning 5% a year gives him a life time income of 20 mil a year tax free plus whatever the panthers earn him. 

There is very little chance Navarros net worth of 3b is liquid. I  am sure he could maneuver enough to free up 1/2 to 1/3 of that money but the vast majority of the uber rich are rich on paper and not cash.  

 

Vince McMahon had to sell shares of WWE to finance the new American football league.  I am confident Navarro will be liquidating shares of Sherman financial as well. 

 

This is is a good thing though. A guy like Tepper could lose 3bil and be OK. Navarro actually needs the Panthers to be a successful business or he could lose 1/2 his wealth or more. Can’t lose that 3 comma club money. 

[RetiredCollegeCoach]

5 hours ago, Mr. Scot said:

Good read...

Ben Navarro: Low Profile Billionaire

I'm leaning more and more toward the idea that Navarro is going to win.

Gee, you must be a hell of a leaner!

Any ambiguity left the building a week ago or more. Navarro has won already. (And the fourth bidder, Leon Black, has also been de facto removed from consideration.)