Panthers sale "not living up to the hype"

[The Lobo]

So the nfl is bummed bc it didn’t sell for higher yet they want JR to choose the lowest option...hmm

[sml1950]

As I’ve said before, not all billionaires are created equal and it appears that the final price has been determined by only one qualified bidder when auctions need two or more to drive the price up.  However, if he wanted, JR could sell his 48% stake for 1.3 billion or more since other bidders would then qualify.  The minority owners would then be “stuck” with more valuable stock but no way to cash out, because Tepper have have no incentive to buy them out.  As such JR is taking the high road of integrity and taking less himself while allowing his partners to have a way to monetize their investment.

[Mr. Scot]

2 minutes ago, The Lobo said:

So the nfl is bummed bc it didn’t sell for higher yet they want JR to choose the lowest option...hmm

Catch 22.

They wanted Tepper because he's the richest buyer, but then he wound up pissing them off by making the lowest bid.

As a philosopher once said, you can't always get what you want.

[Nails]

52 minutes 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.

Understatement.  Those fools aren’t as smart as they think they are.  Mamma’s are NOT letting their babies play football anymore.  Concussions, lawsuits, poor QB play, politics, more entertainment options in a 24/7 tech world are all REAL issues.  None of them will starve and the league may never “die”, but reality WILL gobsmack them in most of our lifetimes.

[Khyber53]

1 hour ago, Mr. Scot said:

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

That's kinda where the league is right now.

It's like watching Sam the dog run out to the end of his leash chasing Foghorn Leghorn. Kinda nice to see the billionaires go SPROINK!

 

[CarolinaNCSU]

Reading WAY into things here about Tepper, but...

• He has the balls to stare down the NFL (or just JR) and not budge (not shocking with some of the anecdotes about him)
• He's smart, and knew that he would win due to his cash...and didn't up his bid because of it
• Shrewd business man is probably also going to want a GM and coach with balls....goodbye, current staff. 
• Here's to seeing a Panther logo at midfield and the new guy being more Bob Kraft, less Jerry Richardson. 

[Moo Daeng]

35 minutes ago, The Lobo said:

So the nfl is bummed bc it didn’t sell for higher yet they want JR to choose the lowest option...hmm

Exactly. The theory they would force a lower bid to be accepted never made sense. At least this theory holds water and explains everything.

[The Lobo]

6 minutes ago, Moo Daeng said:

Exactly. The theory they would force a lower bid to be accepted never made sense. At least this theory holds water and explains everything.

It’s odd to me how they are saying it’s not living up to the hype. If what the reports say are true and Navarro did bid much higher, then that’s the NFLs fault.

[TheSpecialJuan]

23 minutes ago, CarolinaNCSU said:

Reading WAY into things here about Tepper, but...

• He has the balls to stare down the NFL (or just JR) and not budge (not shocking with some of the anecdotes about him)
• He's smart, and knew that he would win due to his cash...and didn't up his bid because of it
• Shrewd business man is probably also going to want a GM and coach with balls....goodbye, current staff. 
• Here's to seeing a Panther logo at midfield and the new guy being more Bob Kraft, less Jerry Richardson. 

exactly 

[KendrickPanther]

Someone like Steph Curry could have thrown $100m into the pot... That would have been worth less than 5% of the asking price. So anyone like Peyton Manning would have to liquidate a lot of assets for what? 4% and no control of an NFL franchise? What sort of investor would sign up for that? Tepper owning 5% of the Steelers makes sense. It was a drop in the bucket for a foot in the door. All of the NASCAR drivers combined couldn't part with more than 200million... and that's being generous.

[Moo Daeng]

13 minutes ago, The Lobo said:

It’s odd to me how they are saying it’s not living up to the hype. If what the reports say are true and Navarro did bid much higher, then that’s the NFLs fault.

Well, his ability to put that bid together might not have been to their hopes. That was a much much more significant amount of his wealth. I think everyone would have wanted the Navarro bid to be one they were comfortable with. It could have even been Richardson who fell back on a more straightforward structure of a Tepper bid 

[The Lobo]

4 minutes ago, Moo Daeng said:

Well, his ability to put that bid together might not have been to their hopes. That was a much much more significant amount of his wealth. I think everyone would have wanted the Navarro bid to be one they were comfortable with. It could have even been Richardson who fell back on a more straightforward structure of a Tepper bid 

Well said. That may be the case, but I just can fathom that the nfl is bummed over a 2 billion dollar sale. I don’t think they know that that is a lot of money.

[Moo Daeng]

2 minutes ago, The Lobo said:

Well said. That may be the case, but I just can fathom that the nfl is bummed over a 2 billion dollar sale. I don’t think they know that that is a lot of money.

It didn't meat the projected target and that's not so good considering there are multiple likely sales coming up in near future 

[Mr. Scot]

8 minutes ago, The Lobo said:

Well said. That may be the case, but I just can fathom that the nfl is bummed over a 2 billion dollar sale. I don’t think they know that that is a lot of money.

The NFL is a lot like the greedy dog in the old fable.

Albert Breer chronicled league frustration with the sale process a while back.  They probably figured that one of two things would occur.  Either Tepper would bid higher or, if someone else outbid him, he'd match it.  Neither thing occurred, and now they're left trying to use a "relocation fee" to make the price look higher than it is.

Billionaire problems...