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How the gambling news affects Jerry Richardson

Mr. Scot

By Mr. Scot,
in Carolina Panthers

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Mr. Scot Grand Master

Mr. Scot

Posted
Posted

Lots of speculation out there that the legalization of sports gambling will raise the value of sports franchises in general, perhaps significantly.

That could be great news for David Tepper, but Erik Spanberg pointed out that it's not such good news for Jerry Richardson. Yes, the value of the team is set to go up...after he sells it.

Basically, Richardson is selling the team on the very day it became more valuable. And I might add, to the lowest bidder.

Congratulations, Jerry.

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Sam Mills Fan Newbie

Sam Mills Fan

Posted
Posted
7 minutes ago, Mr. Scot said:

Lots of speculation out there that the legalization of sports gambling will raise the value of sports franchises in general, perhaps significantly.

That could be great news for David Tepper, but Erik Spanberg pointed out that it's not such good news for Jerry Richardson. Yes, the value of the team is set to go up...after he sells it.

Basically, Richardson is selling the team on the very day it became more valuable. And I might add, to the lowest bidder.

Congratulations, Jerry.

Are we that concerned about the well-being of a guy about to pull down $2 billion to go away after outrageous sexual misconduct in the workplace?

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PanthersBigD Newbie

PanthersBigD

Posted
Posted
8 minutes ago, Mr. Scot said:

Lots of speculation out there that the legalization of sports gambling will raise the value of sports franchises in general, perhaps significantly.

That could be great news for David Tepper, but Erik Spanberg pointed out that it's not such good news for Jerry Richardson. Yes, the value of the team is set to go up...after he sells it.

Basically, Richardson is selling the team on the very day it became more valuable. And I might add, to the lowest bidder.

Congratulations, Jerry.

The guy is in his 80's, in failing health, hates his one surviving son, has an equally geriatric wife and it turns out all of his 'work girlfriends' didn't actually like him in that way. What a waste of 2.2 billion dollars. 

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bewonee Newbie

bewonee

Posted
Posted
16 hours ago, Sam Mills Fan said:

Are we that concerned about the well-being of a guy about to pull down $2 billion to go away after outrageous sexual misconduct in the workplace?

lmao you make it sound like he raped someone, calm your tits #metoo bro.

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Moo Daeng Experienced

Moo Daeng

Posted
Posted

Why did the NFL and all major sports side with maintaining the status quo? 

"All four major U.S. professional sports leagues, the NCAA and the federal government had urged the court to uphold the federal law. In court, the NBA, NFL, NHL and Major League Baseball had argued that New Jersey's gambling expansion would hurt the integrity of their games."

"per Rapoport, but the NFL is unlikely to rush toward the biggest pot of dollars. It's much more likely the league will think about how this will play out over the next 10 or 20 years, rather than immediate."

 

http://www.nfl.com/news/story/0ap3000000932647/article/supreme-court-strikes-down-law-against-sports-gambling

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Toker Smurf Experienced

Toker Smurf

Posted
Posted

His family owns what 48% (I think I read) and will pay the 15% capital gains tax and another 10% or so to NC & Medicare? So, he'll walk away with somewhere close to $800 million. I think he can probably stretch that over the years he has left. I wouldn't be surprised to see a couple large donations from him to try a little damage control to his legacy.

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nosuchthingasapanther Explorer

nosuchthingasapanther

Posted
Posted
39 minutes ago, Moo Daeng said:

Why did the NFL and all major sports side with maintaining the status quo? 

"All four major U.S. professional sports leagues, the NCAA and the federal government had urged the court to uphold the federal law. In court, the NBA, NFL, NHL and Major League Baseball had argued that New Jersey's gambling expansion would hurt the integrity of their games."

"per Rapoport, but the NFL is unlikely to rush toward the biggest pot of dollars. It's much more likely the league will think about how this will play out over the next 10 or 20 years, rather than immediate."

 

http://www.nfl.com/news/story/0ap3000000932647/article/supreme-court-strikes-down-law-against-sports-gambling

because people will go to great lengths to manipulate the outcome if games in order to make money.

refs, coaches, players....think about how one call or play can change the outcome of a game.

now think about somone paying for that outcome to actually happen.

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Moo Daeng Experienced

Moo Daeng

Posted
Posted
2 minutes ago, nosuchthingasapanther said:

because people will go to great lengths to manipulate the outcome if games in order to make money.

refs, coaches, players....think about how one call or play can change the outcome of a game.

now think about somone paying for that outcome to actually happen.

But for once it seems they sided against their wallet even if it was in vain.

If they don't plan to be involved their value won't be as directly affected.

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