Panthers are now for sale

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Three weeks ago, Panthers owner Jerry Richardson announced that the franchise will be sold, but that the process would not commence until the season ends. The season has now ended. And, thus, the team is now for sale.

As previously explained in this space, which always sounds pretentious but I can’t think of any other way to say it, Richardson owns 48 percent of the team, but he has the ability to trigger the sale of all of it. He has; all 100 percent of the equity will be sold.

The appropriate firms have been hired, and bids will be gathered from groups of up to 24 owners, with a controlling owner who would personally purchase at least 30 percent of the team. All proposed owners will be subject to a vetting progress that, given the issues that prompted Richardson to sell the team, likely will be even more rigorous than they were in the past.

Richardson announced his decision to sell on the same day that the league made clear its intention to assume control of an investigation regarding allegations of workplace misconduct. Richardson, who had wanted the investigation to be run by the team that he owns, reportedly settled at least four potential lawsuits with former employees; three alleged sexual harassment, and one alleged racially inappropriate comments.

Despite efforts by some to randomly speculate on what the team is worth, the franchise is ultimately worth whatever someone is willing to pay for it. And the more people who are willing to pay for it, the more money it will be worth.

So now Richardson will play the waiting game. As will the rest of us.

48 responses to “Panthers are now for sale

  1. We’ll show you! You’ll take 2 billion for your perennial wildcard team and like it!

  2. Wild idea here… Would the NFLPA be eligible to purchase the Panthers? I think it would benefit them greatly to have a voice in the owners meetings.

  3. Let’s all chip in a hondo and buy this beast. The shareholder meetings will be epic.

  4. I need 23 wealthy individuals to join me in a bid. You will need to put up all of the money. What will I bring to the table?? Boat loads of Strategery.

  5. The big questions are, how much, and will the prospective owners have the proper equity to buy. We are getting to the point where sports franchises are selling for more than most individuals have. And get messes like the one with the Miami Marlins.

  6. Diddy and Steph Curry, LOL! Seeing articles in the media on these two yahoo’s wanting to buy the team are hilarious! If Cuban can’t get in, there’s no way the other owners let these clowns into their little ring.

  7. I think the Wilpon’s should sell The Mets and buy the Panthers. They will be forced to spend on the minimum salary cap and the Mets will have an owner that can build a competitive team.

  8. fm31970 says:
    January 7, 2018 at 9:09 pm
    Vince McMahon, and no, I’m not kidding.

    I agree with you. Why not? He has the money.

  9. Nope Felix Sabotas of NASCAR is going to buy the Panthers ……. Hes not playing around already planning big changes …..FYI!!!

  10. “jxt2521 says: January 7, 2018 at 9:00 pm I need 23 wealthy individuals to join me in a bid. You will need to put up all of the money. What will I bring to the table?? Boat loads of Strategery.”

    I think you spelled bote wrong but I’m with ya!

  11. I would imagine that Eddie DeBartolo will be the new owner of the Panthers. He’s a five time super bowl winner, and HOF owner. He’s loved by the NFL and the other 31 owners. He owned the San Francisco team while he lived in Youngstown, Ohio. He never asked the City Of San Francisco for public money, even though his team played in the worst stadium, Candlestick Park. He won multiple super bowls with 2 different coaches. One was an offensive guy, and the other was a defensive coach. His first super bowl winning team actually had the lowest payroll in the league, so it isn’t like the salary cap era is going to be a burden. His team dominated the draft year in and year out, even though they generally picked last. He just knows how to put an organization together. I think he’d be even better now.

  12. As much as I would love to see an NFL Films crew catch Vince McMahon firing a head coach, I don’t see him buying the Panthers. And here is why:

    One, he doesn’t share well. Having 31 other owners and a commissioner tell him what he can and cannot do, that won’t fly in his world.

    Two, he’s good friends with Trump. He has added Trump to Wrestlemania main events and to their Hall of Fame. Linda McMahon has a minor cabinet position. Trump has had a vendetta against the league for over 30 years.

    Three, the XFL. The NFL owners not named Jerry Jones are probably still not overly happy someone challenged their throne.

    Three and a half, he very well could be reviving the XFL, we should know more in a couple weeks. Vince has a media blitz planned for the week of January 22nd, which is the 25th anniversary of Monday Night Raw.

    Four, Vince’s billions are worth exactly the same as another megarich guy’s billions, why would the NFL risk adding him? Not to mention, if you think a guy we perceived as a good guy in Jerry Richardson had skeletons in his closet, how many do you think McMahon has?

  13. Personally, I’d love to see Oprah lead a group of investors, maybe including Joe Gibbs…

  14. First of all……the league losing money?
    Hahahahahaha!!!! You guys crack me up…..the league has never lost money, it just isn’t making as much as they did when Colin Kaepernick was just another bust quarterback.
    As far as Oprah……….yeah, that would work well…….give all fans attending the game a new car.

  15. tylawspick6 says:
    January 7, 2018 at 10:02 pm

    the league is losing money

    No it isn’t.

  16. tylawspick6 says:
    January 7, 2018 at 9:16 pm
    Racist owners need not apply
    Welp…I guess the Diddy & Kaperdink consortium is out then.

  17. Why can’t we have a league investigation into our owner thereby forcing a sale? Dear NFL, please please please investigate Haslam and force him to sell the Browns.

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