If you think you spent too much money on something recently, this story might make you feel better. Reports are saying that the bidding for the Carolina Panthers has reached a record 2.5 billion… that’s billion with a “b”.
Candidates to buy the NFL franchise included Fanatics owner Michael Rubin, who appears to be dropping out at this point. He was in a group that included rapper Sean ‘Diddy’ Combs and NBA star Stephen Curry. It’s said that Rubin is still interested in the team if the prices is right, but he isn’t willing to bid that much.
Forbes valued the team at $2.3 billion while the record highest price for a professional sports franchise in the United States was last year’s sale of the Houston Rockets for 2.2 billion.
Also said to be interested in the team is SAS co-founder and CEO James Goodnight, a native of Salisbury, North Carolina. It’s not known if Goodnight has made a bid. ESPN is reporting that bids have come in from Rubin, Bedrock Industries LP Chairman and CEO Alan Kestenbaum, South Carolina billionaire Ben Navarro, and hedge-fund billionaire David Tepper.
The team became available after owner Jerry Richardson announced plans to sell the team amidst an NFL investigation into allegations of sexual and racial workplace misconduct. Once Richardson selects his choice for the winning bid it goes to the NFL Owners, where 24 of the 32 teams have to approve the sale. This will likely take place during the owners’ meetings in Atlanta May 21st-23rd.
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