Report: Panthers bidding tops $2.5 billion

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As the sale of the Panthers progresses, the bidding seems to be escalating beyond the interests of some previously reported bidders.

According to Scott Soshnick of Bloomberg, the price of Jerry Richardson’s team has reached $2.5 billion, which would be the highest sale price ever for an American professional sports team.

That reportedly has caused one bidder to drop out, as Philadelphia e-commerce billionaire Michael Rubin is no longer in the running according to the report.

Rubin’s bid would have included rapper Sean “Diddy” Combs and local NBA hero Steph Curry.

The last NFL team to sell went for a reported $1.2 billion, when Terry and Kim Pegula bought the Buffalo Bills in 2014.

57 responses to “Report: Panthers bidding tops $2.5 billion

  1. These are the toys of billionaires, They don’t often come
    up for sale. The End price won’t surprise me.

  2. The annual ROI is enticing, but the long-term ability to realize that annual ROI is severely questionable. Head injuries and other chronic injuries may kill the league before you make your money back.

  3. Which is why they need to put in rules making it tougher for a city to offer taxpayer funds to subsidize these teams or they lose the antitrust protection status. They need to bring in businesss partners who can buy into the team and use that money to fund their stadiums.

  4. horrible franchise
    in a nascar/college market, not to mention the league
    is hemmhoraging revenue and may be very different in 10 years
    =====

    Stick to what you know……. none of us are sure what that is exactly.. but give it a try..

  5. What the team goes for is not what the team is worth.
    It’s just what an ultra-rich person / ultra-rich people are willing to pay for it.

    Only 32 NFL teams, barely ever coming up for sale.

    If you have a 50 billion dollar fortune and someone tells you the Panthers are only worth 2 billion tops I’m sure you can talk yourself into paying 3 to make sure you’re the owner

  6. jfrogo says:
    March 21, 2018 at 4:19 pm
    Jerry Jones has just got to be doing cartwheels if the Panthers are worth at least that much!
    __________________________________________________________________________
    The Cowboys are his prized possession, I think he would keep them over wealth.

  7. Richardson could set aside a sizable settlement fund for all his past (and future?) groping victims that wouldn’t even put a Dent in the billions he’ll make. It’s like a license to grope.

  8. The Pegula’s seemed hand picked (local) and got a bargain.

    I thought the Panthers would get at least 2 billion. 2.5 is someone who has the money and knows it won’t lose a penny. Even if it does, some of these guys can absorb 25B, let alone 3.

  9. askeddie11 says:
    March 21, 2018 at 4:32 pm
    jfrogo says:
    March 21, 2018 at 4:19 pm
    Jerry Jones has just got to be doing cartwheels if the Panthers are worth at least that much!
    __________________________________________________________________________
    The Cowboys are his prized possession, I think he would keep them over wealth.

    —————-

    Jones is somewhat unique (in many ways!), but chief among them is that his current wealth is derived basically from the Cowboys. He pretty much leveraged everything else he had to get the money to buy the team. By NFL owner standards, Jerry is really kind of “poor”

    Most of the other owners primary holdings are in external companies and they have used some of that wealth to become part of the ultimate club.

    Does kind of make you wonder how much one of the nationwide following teams such as the Cowboys, Giants, Pats, etc would go for if they were to hit the market for whatever reason.

  10. For Anyone who can’t believe the price tag, I think $2.5 B is too little. Let’s consider this the annual NFL revenue for 2016 was $13B with a shot to top $20B within the next 5 – 10 years. They split it with the players about 50/50 which meant each team get about $220M see packers reported #s. The stadiums is paid mostly by tax payers. In 10 years you will get $2.5B in payout not include the actua value of the team. That;s why the Panthers value in the $3.5 B range….

  11. Sports teams appreciate in value like crazy. To anyone that thinks this is a bad idea, you have no idea what you are talking about. The NFL won’t have 64 teams in 15 years – the supply stays pretty constant. Jerry Jones bought the Cowboys 29 years ago for 140 mill and they are estimated to be worth 5 billion. They would probably sell for way more than that though. Buy it now, it’s better than buying real estate in Manhattan.

  12. You could squat on buildings on the lower east side (Manhattan) in the late 80’s. Live by candle or run a wire to another building, do the fire hydrant thing for water and in 5 to 7 years, you’re a multi millionaire. Happened in a ton of buildings.

    Harlem and the Heights made everyday civil servants multi millionaires too.

  13. That is a lot of money for a team that has accomplished precious little in its history.

  14. I believe the Bills went for $1.4 Billion at a time when Forbes had them valued at around $870 million. The rest of the owners should be thanking the Bills and Clippers for pumping up the values of sports teams. I think they recently (before the Richardson stuff) had them at just over 2 Billion, I bet it hits 3 Billion.

  15. Well, that report just priced Puffy and Kap out! Oh wait, they were never really in it to begin with. They were just living in Never Never Land. I wonder how Tinkerbell is doing?

  16. aarons444 says:
    March 21, 2018 at 4:24 pm
    horrible franchise
    in a nascar/college market, not to mention the league
    is hemmhoraging revenue and may be very different in 10 years
    =====

    Stick to what you know……. none of us are sure what that is exactly.. but give it a try..

    _______________________________________________

    Best reply ever!

    [people forget Charlotte and San Fran flip back and forth between the 2nd & 3rd largest banking cities in the county with about 2.2 trillion in assets]

  17. That is a lot of money for a team that has accomplished precious little in its history.
    =====

    The Panthers have been to 2 Super Bowls..

    The Lions and Browns haven’t been to a single one since the game’s inception….

  18. buttfumbles says:
    March 21, 2018 at 4:12 pm
    How bout those reports of the NFL dying due to a few players taking a knee? Lol

    38 23 Rate This

    ———————-

    how about the facts about ratings plummeting do to that but more so goodell cheating, rule changes, greed and owner entitlement?

  19. Where are all of the “Mark Cuban was right” dweebs at who kept saying the NFL is dead? Where are you hiding?

  20. 1) NOBODY considered the Puff Daddy/Curry group to be in serious contention, given the wealth of the other 2 candidates. 2) The Bufffalo Bills sold for $1.4 billion, not $1.2.

  21. As a Panthers fan, I’m glad Rubin dropped out of the bidding. They need a local businessman to step in to ensure the team stays in Charlotte.

  22. I’m waiting until there is only 10 seconds left to the auction and then I’m going snipe a bid.
    Ebay is going to love their final sale fee.

  23. Caribou Conundrum says:
    March 21, 2018 at 7:19 pm
    As a Panthers fan, I’m glad Rubin dropped out of the bidding. They need a local businessman to step in to ensure the team stays in Charlotte.
    __________________________
    Rubin is from Philly- I believe there is already a team there.

  24. Not surprised by the bidding price. Expect that to be the new norm going forward unless you’re the Browns, Falcons, Tampa, Saints or Jets…………. blaaaaaaahaha

  25. So the Clippers are sold because the owner is a racist and he profits incredibly. Now an owner accused of “workplace abuse” is about to do the same. Only in America!

  26. aarons444 says:
    March 21, 2018 at 6:04 pm
    That is a lot of money for a team that has accomplished precious little in its history.
    =====

    The Panthers have been to 2 Super Bowls..

    The Lions and Browns haven’t been to a single one since the game’s inception
    ——–
    But both teams have multiple championships.

  27. aarons444 says:
    March 21, 2018 at 6:04 pm
    That is a lot of money for a team that has accomplished precious little in its history.
    =====

    The Panthers have been to 2 Super Bowls..

    The Lions and Browns haven’t been to a single one since the game’s inception….

    ———————————————————

    While I agree that the Panthers have been a good franchise in their short history, I will only add that both the Lions and Browns had multiple NFL championships in the pre-Super Bowl era. You know, if we’re talking about “since the game’s inception”.

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