Panthers sale "not living up to the hype"

[Mr. Scot]

8 minutes ago, !stUp said:

Thanks. Just wondering (And I'm putting the cart before the horse here), on if we'll hear Tepper speak (press conference) this week or after the owners meet next week.

Kinda hoping we do.

[Mr. Scot]

49 minutes ago, top dawg said:

Too bad Jim Goodnight wasn't really interested. He would have been a legit challenger. Not that I give a poo about the NFL trying to inflate sale prices, but Goodnight would have been perhaps the best choice in my book.

Always kinda hoped Navarro would reach out to Goodnight as an investor but...

[CarolinaSamurai]

I just hope him having so much cash on hand makes him want to make the Panthers more worthwhile. Indoor practice facility, new or retrofitting the stadium, better parking structures nearby. I know he's a cheapskate but he's also a fan and im hoping buying this team is more a hobby than a investment.

[TheSpecialJuan]

2 hours ago, Pejorative Miscreant said:

I guess there’s a big difference between a real 2.1 billion stack and a shaky 2.5 billion stack.  

 

Such is life

indeed 

[Khyber53]

It's good that a ceiling was established. 

[Mr. Scot]

2 minutes ago, Khyber53 said:

It's good that a ceiling was established. 

It's great to have a ceiling, unless you wanted it to be a floor.

That's kinda where the league is right now.

[KendrickPanther]

NFL got to full of itself. They are the only league that consistently turns a profit at the ownership level. Most sports teams world wide are a plaything for ultra rich. Still.... the financial requirements to buy a 2b+ sports team were very restrictive. Supply and demand.... they had one team to offer and one man that could afford it... not ideal.

[Mr. Scot]

1 minute ago, KendrickPanther said:

NFL got to full of itself. They are the only league that consistently turns a profit at the ownership level. Most sports teams world wide are a plaything for ultra rich. Still.... the financial requirements to buy a 2b+ sports team were very restrictive. Supply and demand.... they had one team to offer and one man that could afford it... not ideal.

I'd agree.

[j2sgam]

Didn’t Magic & Co pay way too much for the LA Dodgers not too long ago, 2.2B unless I remember it wrong? It’s a ‘wait & see who does what’, very much like every season in the NFL..

 

many thanks to Mr.Scot & others who posted valuable info, I personally wouldn’t have known otherwise...

[Mr. Scot]

10 minutes ago, j2sgam said:

Didn’t Magic & Co pay way too much for the LA Dodgers not too long ago, 2.2B unless I remember it wrong? It’s a ‘wait & see who does what’, very much like every season in the NFL..

Yeah, and Tepper never moved from his valuation.

For whatever you think of him, he clearly won the battle.

[countryboi]

Tepper had to know going in, he was one of the few people with enough liquid cash to buy a team at this price. Which is why he could play hard ball.

[Sasquatch]

4 hours ago, Mr. Scot said:

 

 

So apparently, I can assume my bid of a dollar three ninety eight was rejected? No body told me.

[Mr. Scot]

10 minutes ago, countryboi said:

Tepper had to know going in, he was one of the few people with enough liquid cash to buy a team at this price. Which is why he could play hard ball.

Kestenbaum and Rubin were both reported to have had backers with similar net worth to Tepper.  With Rubin, it was Joseph Tsai (Chinese billionaire who just bought into an NBA team) with Kestenbaum, James Pattinson (described as "the richest man in Canada). Doesn't seem like either of them ever wound up being involved though. 

Navarro never sought any other super wealthy backers that I know of, unless you count Peyton Manning (big name, but not a billionaire).

[Mr. Scot]

1 minute ago, Sasquatch said:

So apparently, I can assume my bid of a dollar three ninety eight was rejected? No body told me.

Afraid so, and I think we can now also safely conclude that Diddy's effort to put together a group to buy the Panthers has failed.

Felix Sabates, Dale Earnhardt Jr, Jimmie Johnson and Kid Rock are apparently out of the running as well.