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Old 05-14-2018, 06:02 PM  
Chief Roundup Chief Roundup is offline
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David Tepper purchases Carolina Panthers

https://clutchpoints.com/panthers-ne...ina-franchise/

Minority Steelers owner David Tepper purchases the Carolina Panthers


David Tepper, the founder of Appaloosa Management, has reached a deal to become the owner of the Carolina Panthers, according to Tyler Feldman of WBNG.com.

Tepper is currently a minority owner of the Pittsburgh Steelers, so for this deal to go through, Tepper will have to sell his stake in the Steelers. Tepper is worth a reported $11 billion and he bought the Panthers for somewhere in between $2.1 and 2.5 billion.

Per Kevin Patra of NFL.com, the proposal to buy will be presented to the finance committee at the league’s spring owners meeting which takes place May 21-23. If the finance committee accepts the proposal, it is expected that the owners will vote to approve as well. For Tepper to be able to take over, at least three-fourths of the NFL’s owners must vote to approve him.

One of the biggest concerns for Panthers fans were if Tepper would want to move the Panthers to a different city. There has been a lot o talk about the Panthers getting a new stadium, and if he would move the team if he didn’t get one.

According to Ian Rapport of NFL Network, Tepper would like to see the Panthers stay in Charlotte.

The Panthers have been for sale since December when Owner Jerry Richardson was accused of sexual misconduct and agreed to put up the team for sale. One of the reasons that Richardson narrowed in on Tepper was because of his interest in keeping the team in Charlotte.

The approval should also move fairly quickly, another reason that Richardson wanted Tepper.
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Old 05-15-2018, 09:02 AM   #16
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Current crop has unbelievable instant choice for entertainment via Netflix/xbox/ipad/internet with zero commercials nor scheduling around live events/times.
There's a reason Esports is taking off (and with big money involved).

North America alone had revenues of 257 million in 2017 - with expected doubling of that figure to 607 million by 2020.

Interesting info on this: https://newzoo.com/insights/articles...llion-in-2017/
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Old 05-15-2018, 09:13 AM   #17
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As much as I try I just cant seem to give a shit over who buys the Carolina Panthers.
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Old 05-15-2018, 09:14 AM   #18
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Can't imagine Panthers fans love this. Diehard Steelers fan (hello Jimmy Haslem), no local ties to Charlotte, no connection to football other than a business interest, all in time to fleece the city on a shitty stadium deal. The city would have been better off with a guy like Ben Navarro who at least grew up in the Carolinas in a football family. I still think the NFL needs to embrace celebrities and ex-athletes as minority owners, the way the NBA has embraced guys like Justin Timberlake and Jay-Z, and the MLB has embraced Jeter, Magic, and Nolan Ryan (the Dolphins are the only NFL team that even remotely does this). It's hard to find anything exciting about this. The NFL needs owners who connect with the fans and I can't imagine this accomplishes that in any way whatsoever.

Even though Navarro was a far better fit and bid more $, Tepper was picked because he's already in the NFL owner's inner circle. Says a lot about why NFL owners suck.
He was picked because he didn't need partners to buy the team. Don't be ****ing stupid which is hard for you.
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Old 05-15-2018, 09:27 AM   #19
tyton75 tyton75 is offline
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With sports gambling becoming legalized.. I'd say the NFL is safe for the foreseeable future.
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Old 05-15-2018, 10:13 AM   #20
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With sports gambling becoming legalized.. I'd say the NFL is safe for the foreseeable future.
There are some bright forward thinkers looking ahead and they know it's certain death, gambling will greatly reduce the chances of that or at least prolong it.
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Old 05-15-2018, 12:33 PM   #21
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He was picked because he didn't need partners to buy the team. Don't be ****ing stupid which is hard for you.
Navarro offered more money. He is from the Carolinas. His dad was a football coach.

Tepper was the choice because he's a rooney guy. And they knew the owners would approve of it quickly. Even though he's not local and is a diehard fan of a different team.

Sorry to burst your contrarian bubble. This was a safe move by owners who wanted another owner to join their groupthink circle jerk.
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Old 05-15-2018, 12:48 PM   #22
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Originally Posted by chiefzilla1501 View Post
Navarro offered more money. He is from the Carolinas. His dad was a football coach.

Tepper was the choice because he's a rooney guy. And they knew the owners would approve of it quickly. Even though he's not local and is a diehard fan of a different team.

Sorry to burst your contrarian bubble. This was a safe move by owners who wanted another owner to join their groupthink circle jerk.
You are so ****ing stupid it hurts. Navarro didn't have the cash. Bottom line you moron.
Quote:
Another bidder, Ben Navarro, who owns a financial investment group, was unable to raise the estimated $2.6 billion he was said to have offered. Questions were also being raised about his holdings in companies that offer credit cards to low-income consumers.
https://www.nytimes.com/2018/05/15/s...id-tepper.html
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Old 05-15-2018, 02:04 PM   #23
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You are so ****ing stupid it hurts. Navarro didn't have the cash. Bottom line you moron.

https://www.nytimes.com/2018/05/15/s...id-tepper.html
Rubin was told $2.5b minimum which is a $300k premium over Teppers offer. Navarro is being blamed for not being able to raise cash even though he offered $400k above Teppers offer. Thats considering that navarro should get the team for cheaper since hes local and likely much more passionate about the teams success. It's great that all of a sudden raising cash is a red flag, meanwhile Jimmy haslem flew through the vetting process while running a completely corrupt business. Oh wait... Haslem was ALSO a rooney guy, minority steelers owner who the owners knew. Hmmm.......

Tepper was sold to because the owners knew him and vetted him. Because Richardson likes rooney. Tepper isn't local. He's a diehard steelers fan. He may be the richest and offered the most cash, but he didn't even put in the highest bid. If I'm a panthers fan I'd want a guy whose local and roots for my team,especially knowing there are plenty of more than competitive offers. I know, what a weird wish list. Damn obvious the league was in the can for Tepper because hes an inner circle guy.
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Old 05-15-2018, 03:58 PM   #24
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I wonder if he will keep the uniforms?
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Old 05-15-2018, 07:14 PM   #25
MahiMike MahiMike is offline
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Hot take: that's about a $950 million overpay.


Don't @ me.
Sure is. I know a bubble when I see one. Good for Richardson.
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Old 05-16-2018, 04:51 AM   #26
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Some interesting posts in this thread.

I heard on the radio recently that viewership of video game competition is higher than the NFL by a wide margin now.

Holy crap, what have we done?
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Old 05-16-2018, 11:02 AM   #27
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Originally Posted by chiefzilla1501 View Post
Rubin was told $2.5b minimum which is a $300k premium over Teppers offer. Navarro is being blamed for not being able to raise cash even though he offered $400k $400M above Teppers offer. Thats considering that navarro should get the team for cheaper since hes local and likely much more passionate about the teams success. It's great that all of a sudden raising cash is a red flag, meanwhile Jimmy haslem flew through the vetting process while running a completely corrupt business. Oh wait... Haslem was ALSO a rooney guy, minority steelers owner who the owners knew. Hmmm.......

Tepper was sold to because the owners knew him and vetted him. Because Richardson likes rooney. Tepper isn't local. He's a diehard steelers fan. He may be the richest and offered the most cash, but he didn't even put in the highest bid. If I'm a panthers fan I'd want a guy whose local and roots for my team,especially knowing there are plenty of more than competitive offers. I know, what a weird wish list. Damn obvious the league was in the can for Tepper because hes an inner circle guy.
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Old 05-16-2018, 11:31 AM   #28
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Pretty much everywhere on Twitter that this move was made because he was already a part owner and the other owners knew him. Every insider is saying this.

Also, Ben navarro met league financing requirements.

This was a croney move by the ownership inner circle. Plain and simple. It's not a bad move. But it's indicative of why the NFL is stuck.
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