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Former Duke basketball player "bidding" on the Commanders

Mr. Scot

By Mr. Scot,
in Carolina Panthers

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Mr. Scot Grand Master

Mr. Scot

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Something tells me our resident UNC fans might have some fun with this story...

From the article...

Davis also has faced multiple civil lawsuits in the past. For example, Davis and former Duke teammate Christian Laettner were once sued by former NBA great Scottie Pippen for failing to repay a loan in connection with an effort to buy the Memphis Grizzlies.

“I have made business mistakes,” Davis said. “But in terms of character integrity, what I can say is that, unlike most, I didn’t file bankruptcy.”

The aforementioned "business mistakes" have apparently involved taking out loans and not paying them back.

There's also this, in response to suggestions that his backing money was coming from sources in Saudi Arabia...

Ummm...Wow 😬

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mrcompletely11 Grand Master

mrcompletely11

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Slightly off topic:

With the rate the value of these teams are increasing I am truly surprised Bezos or Mr tesla didnt just plunk down 10 Bill or whatever just to have that in their portfolio. Not like they need the money but there are only 32ish owners in the league and only a handful sole owners of a nfl franchise.  Even if they dont care about football its still an exclusive club and its an incredible investment

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Mr. Scot Grand Master

Mr. Scot

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1 minute ago, mrcompletely11 said:

Slightly off topic:

With the rate the value of these teams are increasing I am truly surprised Bezos or Mr tesla didnt just plunk down 10 Bill or whatever just to have that in their portfolio. Not like they need the money but there are only 32ish owners in the league and only a handful sole owners of a nfl franchise.  Even if they dont care about football its still an exclusive club and its an incredible investment

The NFL reportedly badly wants Bezos in the club. Speculation is that the Seattle Seahawks will be up for sale sometime soon and he'll probably go there.

Tepper will likely be sliding down the "richest owners" list a little.

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toldozer Grand Master

toldozer

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4 minutes ago, mrcompletely11 said:

Slightly off topic:

With the rate the value of these teams are increasing I am truly surprised Bezos or Mr tesla didnt just plunk down 10 Bill or whatever just to have that in their portfolio. Not like they need the money but there are only 32ish owners in the league and only a handful sole owners of a nfl franchise.  Even if they dont care about football its still an exclusive club and its an incredible investment

Valuation will get to the point that no one can afford to buy. What does it matter (outside of yearly revenue)  if the team is worth 40 billion dollars?  How many candidates or even groups will be able to afford to purchase. 

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Mr. Scot Grand Master

Mr. Scot

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2 minutes ago, toldozer said:

Valuation will get to the point that no one can afford to buy. What does it matter (outside of yearly revenue)  if the team is worth 40 billion dollars?  How many candidates or even groups will be able to afford to purchase. 

If it got to that point, you're probably talking groups rather than individuals.

I suppose potentially corporations but I don't know how the NFL would feel about that.

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mrcompletely11 Grand Master

mrcompletely11

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8 minutes ago, toldozer said:

Valuation will get to the point that no one can afford to buy. What does it matter (outside of yearly revenue)  if the team is worth 40 billion dollars?  How many candidates or even groups will be able to afford to purchase. 

its at the point now where groups are forming to be able to afford a team.   Only a handful of people in the world that can simply pay cash, as tepper did, for a team outright.

 

If bezos or musk want in they could simply double any offer and pay in cash which I find strange that they dont. 

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mrcompletely11 Grand Master

mrcompletely11

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13 minutes ago, Mr. Scot said:

The NFL reportedly badly wants Bezos in the club. Speculation is that the Seattle Seahawks will be up for sale sometime soon and he'll probably go there.

Tepper will likely be sliding down the "richest owners" list a little.

Maybe but the skins are for sale now and he has obvious ties to the dc area.  I think a talking head I heard say at one point the washington franchise value was the most valuable in all of sports

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Mr. Scot Grand Master

Mr. Scot

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2 minutes ago, mrcompletely11 said:

Maybe but the skins are for sale now and he has obvious ties to the dc area.  I think a talking head I heard say at one point the washington franchise value was the most valuable in all of sports

Snyder reportedly blocked him from bidding on the Commanders.

Granted the circumstances are odd, but apparently he still had that right.

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