Nfl wants Panthers to remain in the Carolinas

[jfra78]

http://www.espn.com/nfl/story/_/id/21839807/nfl-first-choice-carolina-panthers-remain-charlotte

"The franchise in Carolina is successful both on the field and from a business perspective as far as community impact,'' Lockhart said. "So we think that it's very important that franchises, particularly ones that have achieved the success of the Panthers, stay in the market where they're playing."

Good news for all Panther fans!

Also in in the article was an outline for purchasing a franchise

 

During the call, Lockhart outlined what the sale of the Panthers involved. He said the new controlling owner:

• Is required to individually own at least 30 percent of equity. (Most owners typically own more than that, and some own 100 percent).

• Must to be able to demonstrate financial wherewithal to acquire and effectively operate the team.

• Must have full voting control over all matters involving the club and stadium, including all football operations.

• Cannot exhaust his or her (total) financial resources to make a bare-minimum equity acquisition.

• Is limited to a maximum of $250 million in total debt related to the club. Other debt is permitted beyond that debt ceiling, but it has to be collateralized by non-football assets.

In addition to that:

• The payment must be paid in cash or financed.

• A new ownership group is limited to a maximum of 25 co-owners.

• A public company or not-for-profit can't buy the team.

• All owners must be approved by three-quarters (24 of 32) of member clubs

[the butch]

Any of y'all want to contribute to an equity group? I'm serious. 

[countryboi]

Quote

The payment must be paid in cash or financed.

 

so when someone buys the panthers they are going to pull up with 3 billion dollars in cash? that sounds like the plot to an oceans 11 movie. 

[Green_Tea]

Good

[Asurfaholic]

1 hour ago, countryboi said:

 

so when someone buys the panthers they are going to pull up with 3 billion dollars in cash? that sounds like the plot to an oceans 11 movie. 

Doesn’t mean physical cash. Means cash assets as in money in a checking account or other type of account that can be wired out.

 

im just wondering what JR is gonna do with all his Bils 

[AggieLean]

1 hour ago, countryboi said:

 

so when someone buys the panthers they are going to pull up with 3 billion dollars in cash? that sounds like the plot to an oceans 11 movie. 

Talk about a quick come up lol

[jfra78]

44 minutes ago, Asurfaholic said:

Doesn’t mean physical cash. Means cash assets as in money in a checking account or other type of account that can be wired out.

 

im just wondering what JR is gonna do with all his Bils 

Him, Smitty and TD will all have a nice dinner?0

[The Huddler]

Paid in cash or financed... 

 

whats financed? 

 

I bet @thebigcat is legit pullin some strings to get in in this. 

[Peppers90 NC]

Any verbiage in there that pretty much eliminates the prospect of a certain terrible rap producer?

[t48]

This should stop or slow down the Diddy post. Great news!

[t48]

1 minute ago, Peppers90 NC said:

Any verbiage in there that pretty much eliminates the prospect of a certain terrible rap producer?

Welp, a guy can only dream.

[PantherCam213]

15 minutes ago, Peppers90 NC said:

Any verbiage in there that pretty much eliminates the prospect of a certain terrible rap producer?

I would think this.

All owners must be approved by three-quarters (24 of 32) of member clubs

[countryboi]

1 hour ago, PantherCam213 said:

I would think this.

All owners must be approved by three-quarters (24 of 32) of member clubs

That's not his problem, this is his problem 

• Is required to individually own at least 30 percent of equity. (Most owners typically own more than that, and some own 100 percent).

30 Percent of the Panthers is 750 million dollars for a guy that has net worth of 800 million. Like I said before the NFL is a billionaire game. Diddy never had a chance

[PantherOnTheProwl1523]

5 minutes ago, countryboi said:

That's not his problem, this is his problem 

• Is required to individually own at least 30 percent of equity. (Most owners typically own more than that, and some own 100 percent).

30 Percent of the Panthers is 750 million dollars for a guy that has net worth of 800 million. Like I said before the NFL is a billionaire game. Diddy never had a chance

Supposedly ESPN says Diddy signed paperwork but hard to believe that.