Bidding for Panthers surpasses $2.5 billion
NFL proposes a simplified definition of a catch
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Whoever buys the Carolina Panthers is going to have to pony up. But we’re not just talking about something like $1.5 billion. No no, it’s far more than that. In fact, it’s already past $2.5 billion. Needless to say, this would set a record for the sale of a U.S. pro sports team.
“The price of the Carolina Panthers has reached $2.5 billion, according to people familiar with bids for the NFL team, which would set a record for a U.S. professional sports franchise.”
But, what does that mean for potential buyers? Well, at least one is dropping out of the race.
“The rapid escalation in bidding has prompted Michael Rubin, the billionaire executive chairman of sports-apparel company Fanatics, to drop out of the process, said the people, who requested anonymity because the matter is private.”
Panthers owner Jerry Richardson would put the team up for sale after an investigation into alleged workplace misconduct. On the field, the Carolina is coming off a postseason appearance. And, they are still in good shape going forward.
For perspective, the sale of the Buffalo Bills in 2014 ($1.4 billion) would set an NFL record at the time
just another day
