Breer / LaCanfora / Newton confirm what a lot of folks believed

[Mr. Scot]

 

LaCanfora shed some light on this yesterday too, though not directly.  In his interview with WFNZ about the sale process available on their website) he continually talked about it as if it were being run by the NFL and its owners.  He barely discussed Jerry Richardson as a decision maker involved in the process at all.

Regarding Navarro and the others, LaCanfora characterized them as tools that the owners were using to try and goad Tepper into upping his bid.  Tepper didn't take the bait, and apparently made some pointed comments about Bank of America stadium bringing down the overall value of the team (lot of folks won't want to hear that).  Doesn't necessarily mean there'll be an imminent push for a new stadium, but it's something to bear in mind for later.

There's also this from David Newton.

Quote

Sources told ESPN that Rubin and Tsai bowed out when they were told that they shouldn't participate if they weren't prepared to pay "substantially more than $2.5 billion" -- $300 million more than the ultimate sale price.

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You could argue that the final price ended up being "substiantially less than 2.5 billion".

So the league inflated the expected price to encourage Rubin to drop out of the bidding. And it's worth remembering when you ponder that point that the league has a partnership with Rubin's "Fanatics" brand.

The NFL most definitely wanted that price, but they wanted Tepper to be the one who paid it.  He wouldn't go that high, hence the "drama" that Breer wrote about a while back.

In the end, Navarro didn't have the liquid cash, but it may not have mattered.

It was always gonna be Tepper.

[steven8989]

All I can say is the NFL just really don't suprise me anymore.

[Growl]

Yeah I'm done with this garbage. I'm excited to watch the league's continued collapse.

[Arroz con Panther]

I feel like we need a master Tepper thread 

[Mr. Scot]

Just now, Arroz con Panther said:

I feel like we need a master Tepper thread 

That's kinda like saying we need one Cam thread

There are definitely different aspects to the discussion.

[scpanther22]

Boys club always wins

[Toker Smurf]

We haven't heard about anyone other than Tepper. Is it safe to assume he'll be the sole owner, at least initially? Not that it probably matters, much.

[Gucceland]

8 minutes ago, Mr. Scot said:

 

LaCanfora shed some light on this yesterday too, though not directly.  In his interview with WFNZ about the sale process available on their website) he continually talked about it as if it were being run by the NFL and its owners.  He barely discussed Jerry Richardson as a decision maker at all.

Regarding Navarro and the others, LaCanfora characterized them as tools that the owners were using to try and goad Tepper into upping his bed.  Tepper didn't take the bait, and apparently made some pointed comments about Bank of America stadium bringing down the overall value of the team (lot of folks won't want to hear that).  Doesn't necessarily mean there'll be an imminent push for a new stadium, but it's something to bear in mind for later.

There's also this from David Newton.

Link

So the league inflated the expected price to encourage Rubin to drop out of the bidding. And it's worth remembering when you ponder that point that the league has a partnership with Rubin's "Fanatics" brand.

The NFL most definitely wanted that price, but they wanted Tepper to be the one who paid it.  He wouldn't go that high, hence the "drama" that Breer wrote about a while back.

In the end, Navarro didn't have the liquid cash, but it may not have mattered.

It was always gonna be Tepper.

 I thought the NFL was going to push Tepper through from the beginning...I thought he had all the cards when it came to his 2.2 billion bid too, as there are other teams coming up for sale in the future and Tepper could simply wait if the NFL required him to up his price....this is really what scares me too about the stadium and where the team will build....Tepper has NO ties to the Carolinas and if the stadium has affected the team price, then a business man like Tepper is going to correct that as soon as the 2019 lease is up.

[jumpman910]

I feel like some of said it would obviously be him MONTHS ago. Never any questions about him in the league eyes, since all the question had already been answered 

[Mr. Scot]

Just now, Gucceland said:

 I thought the NFL was going to push Tepper through from the beginning...I thought he had all the cards when it came to his 2.2 billion bid too, as there are other teams coming up for sale in the future and Tepper could simply wait if the NFL required him to up his price....this is really what scares me too about the stadium and where the team will build....Tepper has NO ties to the Carolinas and if the stadium has affected the team price, then a business man like Tepper is going to correct that as soon as the 2019 lease is up.

Regarding the bids of 2.5 or more, LaCanfora said Tepper repeatedly told the NFL "if you've got somebody offering that price, take it."

Maybe he knew the money wasn't there, maybe not (kinda hard to believe he'd know anything about another billionaire's finances).  More likely he just wasn't gonna budge from what he believed the team's value was.

Tepper played chicken with the NFL, and won.

[Mr. Scot]

Related...

So yes, Jerry Richardson is disappointed.  Also makes it tougher to believe he was completely on board with this.

[Gucceland]

4 minutes ago, Mr. Scot said:

Regarding the bids of 2.5 or more, LaCanfora said Tepper repeatedly told the NFL "if you've got somebody offering that price, take it."

Maybe he knew the money wasn't there, maybe not (kinda hard to believe he'd know anything about another billionaire's finances).  More likely he just wasn't gonna budge from what he believed the team's value was.

Tepper played chicken with the NFL, and won.

The NFL wanted Tepper...they got him.  It just concerns me that he has not loyalty to Carolina...but what can you do?

[SOJA]

1 minute ago, Mr. Scot said:

Related...

So yes, Jerry Richardson is disappointed.  Also makes it tougher to believe he was completely on board with this.

darren rovell is such a sensationalist

The truth of the matter is the Panthers sale was in unknown waters and complicated by the league forcing out the current owner 

[Mr. Scot]

From the New York Times...
 

Quote

Advised by Steve Greenberg of Allen & Co., Richardson initially sought at least $3 billion for his team, but trimmed his expectations when no potential buyers emerged at that price. At least one potential buyer, Michael Rubin, the founder of the online sports merchandise retailer Fanatics, dropped out of the process when he was told he would have to pay substantially more than $2.5 billion for the team, according to two people with knowledge of the process.

Another bidder, Ben Navarro, who owns a financial investment group, was unable to raise the estimated $2.6 billion he was said to have offered. Questions were also being raised about his holdings in companies that offer credit cards to low-income consumers.

Tepper offered several hundred million dollars less than Navarro, but was favored by more owners because of his substantial wealth, estimated at $11 billion, and because he was vetted when he became a minority owner of the Pittsburgh Steelers. Tepper will have to sell his stake in the Steelers as part of his deal to purchase the Panthers.

“If he’s good enough for Art Rooney, he’s good enough for me,” one owner said, referring to the owner of the Steelers.

Tepper, who has already submitted much of the required paperwork to the league, is unlikely to face much opposition when the N.F.L. owners on the finance committee review his application before sending it to the full ownership to vote on.

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