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Latest updates on the team sale

Mr. Scot

By Mr. Scot,
in Carolina Panthers

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Mr. Scot Grand Master

Mr. Scot

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27 minutes ago, joeyxfresco said:

They said he wasn’t completely out so I’m pulling for him to pull of a miracle. It would definitely be a nicechange 

Breer indicated that Richardson doesn't seem to want to sell to Rubin. That's a lot bigger hurdle to overcome than the money.

Tepper is still the favorite but if it's not him, given what we're hearing now, I'm pretty sure it's going to be Navarro. He seems to be the one that wants it the most, maybe even more than Tepper.

 

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thefuzz Mentor

thefuzz

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5 hours ago, Malt Liquor said:

Tepper has seen first hand on how to run a winning NFL franchise(the steelers). So in my opinion he would be the owner I would want running the Panthers. 

JR said for years he wanted to model the Panthers after the Steelers.  This one would make the most sense.

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pnthrs Rookie

pnthrs

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12 hours ago, Mr. Scot said:

Another article, this one from the New York Times, includes some intriguing points.

As has already been made known, NFL owners prefer David Tepper, but while we know that Tepper is certainly capable of outbidding the others, it’s possible he might not have done so to date.

The Times says the team is expected to sell for around 2.5 billion (already reported) but cites “people with knowledge of the auction”  as saying that neither Michael Rubin nor David Tepper is willing to pay 2.5 billion. 

If true, that would mean that the currently reported high bid of 2.5 billion wasn’t made by Tepper.

Putting this together with Breer’s info, the high bidder might just be Ben Navarro. That, plus his being from the region, might just put him at the top of Jerry Richardson’s list.

There’s a stumbling block, though, as the article does further state that at least three NFL owners aren’t thrilled with Navarro’s business background.  However, Texans owner Bob McNair (the only one to speak on record) says he doesn’t see a problem.  Reading between the lines, McNair might actually support Navarro over Tepper.

Panthers headed toward record sale price

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If true this is very interesting.  Tepper always concerned me as a very frugal person.  His bio proves that.  I always thought he wouldn't get into a bidding war and over pay for an asset.  It doesn't surprise me he is in the 2.2b range.  Navarro is an aggressive guy.  I think he knows his competition and is making a stronger offer BUT the real question is the quality of the offer.  If Navarro offers 300m more than Tepper but 2.5b is a debt/partners/leverage deal with some concerns about qualification of character and business and Teppers deal is 2.2b cash one owner pre qualified then things get tricky.  Its like selling a house.  Do you take 250k from a guy who is kind of sketchy and has to piece his deal together with banks and borrowed money or do you take the guy offering you 220k cash 30day close pre qualified?  JR also has his pride.  The fact that they are NOW reviewing Navarro and Navarro has hired a PR firm indicate both sides are serious and making the appropriate play to seal a deal.  Maybe this gets Tepper to budge to 2.4b...maybe not.  

 

This is a good problem to have.  Sounds like both want the team and both are playing it smart given their position.  Both Tepper and Navarro seem like they would be good owners albeit very different styles.  Thanks for keeping us updated.  

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Mr. Scot Grand Master

Mr. Scot

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1 hour ago, thefuzz said:

JR said for years he wanted to model the Panthers after the Steelers.  This one would make the most sense.

I'd say that's his biggest advantage. It also wouldn't surprise me to find out that other owners have "politely suggested" to Richardson that he should sell to Tepper.

It's worth remembering that the bidders are also trying to sell themselves to Richardson as the best choice. It's not necessarily just about who bids a million dollars more.

I would imagine Ben Navarro's presentation made heavy mention of the fact that he's from the area and that he would pledge to never ever ever even think about moving the team.

 

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Mr. Scot Grand Master

Mr. Scot

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50 minutes ago, JARROD said:

Maybe a stupid question but what if none of the buyers come to terms?

Jerry would keep for the foreseeable future and just listed for sale?

can the league force him to take a certain price? 

Just curious.

Not happening,

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pnthrs Rookie

pnthrs

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2 hours ago, JARROD said:

Maybe a stupid question but what if none of the buyers come to terms?

Jerry would keep for the foreseeable future and just listed for sale?

can the league force him to take a certain price? 

Just curious.

There will be a buyer and a back up buyer or two.  If he really wants to sell the team he will take a lower bidder if a higher bidder falls out.  There has never been any indication the NFL can and would ever force an owner to sell a team.  JRs situation is pretty grimy to us in the Carolinas but falls well short of many problems many sports owners have had and not sold the team.  The only reason the punchline "will the NFL make him sell the team" is thrown around is 1) Sterling had to do it (very messy public problem and not the same by a mile to JR) and 2) JR is actually selling the team because its time and he can be in control of the sale.  Not much to see here.  

 

If no buyer is interested then sale pends and JR gets his NFL slap on the wrist while remaining the owner.  Honestly its going to be tough to get much out of a mutual non disclosure and pin actual crimes to JR beyond a fine.  I don't remember the details but I have a feeling the original leak will be the most we hear about it.  Goodell just said today that he hasn't heard about the investigation recently and there is no time table.  

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joeyxfresco Apprentice

joeyxfresco

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44 minutes ago, bull123 said:

j person has a current article in which he starts by saying mcnair's comments were "awkward & insensitive" & then goes on to ask why the NFL investigation of JR is not giving out an "exhaustive" accounting of who they spoke with and where they are

it is becoming apparent that nobody important cares one bit about any allegations against JR except the our putz crackpot Panther reporters and likely "victims" who were "wronged"

One outspoken owner doesn’t represent the rest of the league...

 

I’m sure they’re dying for a new owner who actually shows up to meetings 

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