If JR Sells The Team, Doesn't He Decide Who To Sell To?

[GRWatcher]

2 minutes ago, pnthrs said:

47%

I thought his wife and son also have a stake in the ownership of about 20%. But I could be wrong.

[Khyber53]

4 minutes ago, GRWatcher said:

I thought his wife and son also have a stake in the ownership of about 20%. But I could be wrong.

And if so, they are under no legal obligation to sell their shares just because he does.

[pnthrs]

4 minutes ago, GRWatcher said:

I thought his wife and son also have a stake in the ownership of about 20%. But I could be wrong.

You aren't far off but the family owns that percent of the 47%.

 

https://deadspin.com/5989285/carolina-panthers-organizational-chart-and-entity-listing

[TheWiz]

Which pretty much solidifies that he will NOT be selling to Diddy.

[Mr. Scot]

1 hour ago, GRWatcher said:

He's not the only Panthers owner although he is the majority owner at about 60%, I believe. Others in the owner's group would have to agree IMO. It's not like when Ralph Wilson passed and left the Bills to his wife who sold the team. Wilson was a single owner. Plus, yes, the other 31 owners will have to approve the new owner and that new owner will be paying them a fee for buying the team, i.e. to join the club.

It's actually about 48%.

[Pejorative Miscreant]

1 hour ago, beastson said:

I don't know why people keep talking about moving. Where the hell would a team move to? LA is done, Las Vegas is locked up

St. Louis? Gtfoh

Insecure and maybe memories of George Shinn.  

Team moving based on Richardson sell is not high probability.  Would not be concerned

[over the legal limit]

2 hours ago, beastson said:

I really hate to be an asshole to the man cause it's his team, but can somebody stop him from making that decision? This poo is no joke, we need the right owner

even with all this mess, JR is a good man. He will make sure he sell it to the right owner who will keep this team here.

[NeedSumD]

The other owners have to approve the buyer as well

[Mr. Scot]

43 minutes ago, over the legal limit said:

even with all this mess, JR is a good man. He will make sure he sell it to the right owner who will keep this team here.

"Good man" is a pretty big stretch.

I do agree that he'll make every effort to keep the team in Charlotte.