No minority partners

[Moo Daeng]

ok, makes sense. It would be pretty complicated to figure out how exiting partner % equates to new % or however that works. 

[FakePlasticTrees]

Jerry Richardson and his family owned 48% of the team but had final decision-making power over the operation and sale of the team. Thus, he could decide to sell the team without the approval of the minority owners. The original deal would have entitled Richardson to 48% of the agreed upon price. Tepper probably also received the option to buy out the minority owners at the same agreed upon price with each minority owner receiving an amount equal to that price multiplied by their percentage ownership if the option was exercised. He must have exercised that option.

My guess is that once Richardson decided to sell the team and negotiated a price, the minority owners were also required to sell their interest based on the agreed upon price.

[thefuzz]

Could be a good or bad thing.  Not a whole lot of checks and balances if he is sole owner...not that I saw much with JR, and he had only 48%.

[jbland]

55 minutes ago, t96 said:

I see nothing that suggests he’s paying more for anything now than before...

Exactly. The purchase price was the price. He had the choice to sell part of the team to minority partners to lessen his total investment. Since he decided not to take on minority partners he will be on the hook for the total price. 

[kungfoodude]

2 hours ago, rodeo said:

this title triggered me, are you trying to have a tinderbox invasion

Should have troll titled it, "Tepper Doesn't Want Minorities."

[tiger7_88]

3 hours ago, Mr. Scot said:

Tepper is flying solo.

Wish I had that kind of wallet.

[countryboi]

what are the pros and cons of doing something like? i seems like a waste of money to me. 

[Mr. Scot]

12 minutes ago, countryboi said:

what are the pros and cons of doing something like? i seems like a waste of money to me. 

I know the NFL prefers single owners.

[Cary Kollins]

Tepper magic

 

It's going to be hilarious when we win the Super Bowl next year. Fug off Mr. Richardson.

[Porn Shop Clerk]

good they won't stand for the anthem anyway

[CatMan72]

The deal is he agreed in principal to be responsible for the whole 2.275 billion, with at least 30% of that down. He could have asked the existing minority partners to help him fund that, but he's decided to pay the whole 2.275. 

[blackcat]

Some folks in FT Mill just got richer.

[RevJ]

6 hours ago, 4Corners said:

There are a couple posters here who probably saw the thread title and let out a big holler of excitement and then clicked the thread and were really disappointed to find out didn’t mean what they thought it meant. . Sad! 

I see what you did there but I doubt much excitement occurred. 

You see, "minority" is a four syllable word.  IMHO, most racists, (and most radicals for that matter), rarely process words over two syllables, and it is highly unlikely that they would click on any topic with any words with even three syllables.

[pnthrs]

https://pantherswire.usatoday.com/2018/06/26/report-new-panthers-owner-david-tepper-to-buy-out-partners/

 

This is says bluntly that 2.275b was just for Jerry’s stake. It has to be a mistake. Tepper isn’t paying 5.6b for the team.