The chances of Steph Curry and Sean Combs buying the Carolina Panthers are zero to none. The Panthers’ record $2.5 billion asking price tag is too much for billionaire Michael Rubin and minority investors, including entertainment mogul Sean Combs and NBA star Stephen Curry to afford.
Rubin, 48, remains interested in the team if the price is right, but Combs and Curry can’t afford to ante up that much cash for the NFL team.
Billionaire Jim Goodnight, CEO of Cary-based SAS Institute Inc., also reportedly remains interested, according to UK’s Daily Mail.
via Daily Mail — The team was put up for sale at season’s end by founder Jerry Richardson, who is being investigated by the NFL for allegations of workplace misconduct. When news of the expected sale emerged, Combs tweeted his desire to buy the team and Curry, the All-Star point guard for the reigning NBA Champion Golden State Warriors, responded on Twitter that he also was interested.
The franchise was valued at $2.3 billion, per Forbes, which also estimates Rubin’s net worth at $3 billion. The league requires at least 30 percent of the sale price to be put down by the majority owner, with as many as 25 minority owners allowed in an ownership group.
Billionaire Jim Goodnight, CEO of Cary-based SAS Institute Inc
^^^^^^^^^^
Yep.
Pass by SAS daily.
9-1-9 stand up.
It’s a process of elimination. Price it so high they couldn’t afford it anyways. However anybody with functioning brain knows they (NFL & Richardson) was not going to sell to P. Diddy out of all people. Whoever buys the team will be hand picked by Richardson. I suspect the family that own Lowe’s Motor Speedway will buy it. They been hinting at buying it for years.
I am from Charlotte but NOT a Panthers fan (GO COWBOYS!!!) so it really doesn’t matter to me but I must say, I knew Combs and Curry wouldn’t stay in the running long…
Look @ these two – birds of a feather, flock together.
i got five on it.
nah, nah i don’t.
Knew they wouldn’t let them buy it…..
That darn song is stuck in my head now!
I believe they always knew that it would be out of their sole reach that’s why Diddy called for partners . I don’t think he was that clueless to know he couldn’t afford even half of it . Give Diddy more credit than that , cmon now
Another misleading headline i see.
Lot of black millionaires they could all go in on this, would be great, they would finally own a sports team
Only place cowboys go is the locker room. ?
All NFL teams are worth at minimum $1B. This team is one of the cheapest to go on the market. Unless you have more than the asking price by yourself, you would be going in as minority owner. They could have a combined majority ownership by Michale Jordan and Tiger Woods and a minority ownership made up of Curry and Combs, and a few others. As a minority owner, you are just a figurehead with minimum say on what happens on the team, so why bother.
Where are all his friends ? https://uploads.disquscdn.com/images/f704ad2227a717af0ae705b92d356a4ff41a1b0c5cdd2d8c0d629bbe9bfa9552.jpg
so they can afford to splurge on expensive cars, mansions, champagne, etc. but not a professional team. smfh in disbelief. and i thought they loved to ball and show off the money, cars, trips, fame, fortune, etc. I think not.
Not sure what being a fan has to do with black ownership in a NFL Team.
Who really thought they were serious?! As James Brown said “ Talking loud but saying nothing” Steph just barely became a millionaire. As my mother use to tell us don’t ask for or touch anything in this store. They’re rich not wealthy, y’all need to listen to Yvette Carnell on YouTube on Monday and Wednesday nights.
we told them but they didn’t listen.
we told them but they didn’t listen.
HAHAHAHAHAHA your absolutely right!!!!
All that #BlackExcellence in that pic ?.
Okay so these brothers may not be able to get a seat at the table right now but the time will come when they’ll be ready… There is enough Black wealth in the world. Hopefully they can get a consortium together and be prepared for the next opportunity.
this group is good for about $100K. that’s total. 0.0000000000001 percent each (yes, that’s worded correctly).
Or JAIL…..
One is black. The other one is biracial. But I understand what you’re saying.
Never heard of Yvette Carnell. Going over to YouTube now to check her out…
You was right Sandra, Diddy not worth what Forbes say he is…
When you see celebrities spending their days and nights on social media, they are not worth what they say they are. Real moguls make money moves off of social media.
Well you and 50 cent opened my eyes to it.. They way he pretend to be so rich is crazy. They all doing it. Thanks Sandra
They raised the price because they black lol.
Who’s surprised? Now all who were “I want in” are quiet, knowing they could never get a seat at the table from jump. Puffy all flash. Sure, I’m not his tax bracket, true.
cars leased, homes mortgage. I’d be curious to know who paid cash outright for their home, other than Kandi Burruss. Now don’t get me wrong, if you’re living in multi-million $$ home, I wouldn’t expect you bought it out right.
I’m quiet rich, in my head. I’m not a flashy person at all and dont want everybody knowing what I got or every move I make.
Somewhere negotiating tax settlements, deferring payments on car loans, and paying the minimum monthly amount on their bank cards.
I figured this somewhat. I knew you couldn’t just walk about and buy a sports franchise all because you have to means. You have to be welcome into that ‘club’ to play.
Diddy actually said he don’t have all the money Forbes claimed he had…. Not in cash, maybe in land and property.
Professional Sports teams , you need OIL or TECH money, not vodka and Sneaker Deal money. There are levels to this.
The things that people will do for publicity…
Oh this number was created purposely. WOW
You’re right but Diddy’s net worth is almost $900 million. He can afford to put down half a billion with other investors. Now Steph…..idk about him LOL.
Hate to break it to you but that’s not Diddy’s real net worth. A lot of lies about Black wealth are spread via Forbes for insidious reasons.
I don’t even think he has it in land or property…..from what I heard.
Wow the hate is real I see. This is the same mentality that has plagued black people for years. Stop tearing others down and lift them up instead. They may not have it yet but I am sure if they come up with a few other investors and maybe it can happen. Try something different and spread positive vibes in the air instead of ugliness anger and hate.
Good point!
There’s actually *not* enough Black wealth in the U.S. There’s close to none. And other Black ethnicities don’t want to be bothered with Black Americans so don’t count on them to build any kind of consortium outside of a music concert.
I wasnt referring to sean and steph, but to the picure millz posted with all those rappers in it.
Facts. Beyonce and Jay-Z took out a $52 million mortgage for their LA home. If they are worth $1 billion together then why would they need to take out a petty $52 mil? That would only be 2% of their net worth.
???
Save the speeches. The investment group had at least 30 people and none could afford the $2.5 bill *together*. There are people in this world who’s net worth are more far reaching than these 30 people combined. Jeff Bezos is worth $112 BILLION…by himself.
I told you, these cats are rolling with Amazon money! Magic Johnson had to drop $50 million to get a small percentage of the Dodgers. FYI on the NBA contracts, the league holds 30% of all funds from the contracts for so many years after the player retires because so many were going broke. They don’t see all the cash from those contracts!
True there are not many Black Billionaires in the US — the majority come from African countries but I figured Puffy could have gotten Michael Jordan (worth almost 2 billion), Robert Smith (worth 4.4 billion). Oprah (worth almost 3 billion) along with bunch of these young, baller millionaires to pool their monies together to have at least a small seat at the table…smh…
Not making any conclusions yet, waiting until the deal is sealed.
Michael Rubin, and Steph Curry dropped out no mention of Diddy, unless he was a part of the group. SMH!
Oh, sorry.
MJ isn’t touching the NFL because he’s trying to solidify his place as a NBA team owner.
Robert Smith doesn’t like Black women enough to team up with Oprah. Somebody once told me a story about meeting him and how excited they were to pick his brain and he paid the Black people *dust* but was smiling, grinning and answering questions for all the white people at the reception.
https://uploads.disquscdn.com/images/8aafc48d3097a8ed42a1583423a751fca2ff83fd8f2ca42a70df82e16e47709f.gif
And his cheap ass only start people off with 11 freaking dollars.
Damn! All that money and they can’t finance it neither?!
However, these ninja are dumb sometimes. Why buy a team? The YT investors just purchased a high school, that’s been closed for 20 years, in downtown Dallas. Now they are building high rise apts. These dummies want to buy a sports team, for what? To showboat? Will it make our communities economically better? This is part of the reason, we are getting gentrified. SMH!
Jeff Bezos is not black! The goal is to have black owners. And i can say what I like no matter who doesn’t like it. Spread love somehow sis.
Jay Z and Beyonce didn’t want in? ? Oprah, Obamas, Russell Wilson (ok maybe not Wilson. Conflict of interest) but Russell Simmons? ? Interesting…
I bet the new owners hit the city up for a new stadium too lol.
Thank you Mrs. S. Kidd. Same can be said for Beyonce and Jay-Z…they may have riches but they definitely do not have wealth. Only a WEALTHY investor can afford an NBA team.
MsPam,
Yvette Carnell is the truth!!!!! Whew!
Yes she is! ??
What you heard? I would like to know!
It would be cool to see a black majority owner of a professional sports football team… If we ever do, hopefully he isn’t a cornball uncle Tom.
Rubin, Combs, & Curry could buy the Panthers with Zuckerberg on their team. But Zuckerberg doesn’t know how to share. But if they are willing to deal on Zuckerberg’s terms, his billions with their billions and millions and his social media platform tie ins would get them the Panthers.
Because wealthy people as a rule spend other people’s money. Debt is a part of their portfolio.
that’s a $690M down payment…..fuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuck that! They ain’t even won a damn superbowl for all that money
now an all black majority/minority ownership would be EPIC!!!!! our ppl are what made the sport what it is today and we dominate all that we do. idk why the ppl you mentions haven’t come together on this
but the Panthers ain’t even worth all that like c’mon
I blv they purposefully set the price for the panthers high after black interest was made public. as a team, the panthers ain’t worth NOTHING in the billions. they just barely crawled out of the trash pile of NFL teams. however, this is where the wealthy blacks come together and become majority/minority/equal stakeholders for things that WE do to make money. the black men in the sport are the reason the sport is what it is. if 25 wealthy black americans gotta all ante up millions to make it happen then why not? it’s a great investment and the return will far exceed what they invested from jump. it’s cool to be a humanitarian for other countries and philanthropists but as much as black ppl love to also throw parties and play sports we gotta invest in that too. or hell, start our own team
sidebar: there is a woman who is the first African American nascar owner for an all minority team all bc her sons showed interest in the sport and she noticed how we weren’t represented so she invested in US as a ppl as well as her kids. this how we gotta do it
Yes, but the real black wealth do not associate with these type of people. #TRUTH
Jay Z looks lost in this pic – he is missing his better half.
https://uploads.disquscdn.com/images/7c20fefd27422057ae408e4f15081aa3dd467894de5e903f394936bccfc4371a.gif
Black people are always talking about stuff we don’t have any idea about lol Wealthy people *do not* spend other people’s money because they don’t have to lol Some millionaires (who are not considered wealthy) and celebs get into debt because they don’t have the money to purchase or buy what they want.
I am well aware of Jeff Bezos’ race lol My point was, the people who can afford it were not a part of this group of 30 investors. We can have all the lofty goals of Black ownership we want but it is not realistic since we don’t have the combined capital of white folks. Maybe one day but not any time soon….
The NFL is a “Good Ole Boy Network” just like the Tech industry. You have your players (workers) and your owners (masters, friends) you have to be a Billionaire and that’s a minimum of $100’s of millions annually to own a team. Oil, construction companies ETC. not Rap catalogs! Magic, Jordan and the Williams sisters are the exceptions.
Very true….
LOLLOLLOL!!!!!! I love this!!! Damn shame about Robert Smith. If this is true then he’s just another shuck-n-jive negro with money… smh…
welp…thats the end of that….
Har!
Your point isn’t valid bringing up a white man when the goal is to have black investors. Lmao for you to literally state there aren’t enough blacks with enough capital is erroneous and egregious. Do research before coming for someone. You know what? I’m reclaiming my time as I just wasted it on you. Take care and research some shot why don’t you.
lol, you clearly don’t work for the U.S. census. There are *not* enough Black people in the U.S. with enough capital to own a sports team. This is a fact. There’s so much data on it that’s it’s ridiculous that you believe otherwise. So before telling others to research, you should read some actual studies.
Ok obviously you haven’t done any research. Who the duck said the only the US???? I know for damn sure I didn’t say the US JUST LIKE I NEVER SAID JEFF BEZOS WHO IS WHITE! Everyone is at the table. Lmao what a joke! I’m reclaiming my time sis. Go hate somewhere else.
You’re so mad and upset about logic. Why would a foreign Black person invest in an American NFL or NBA team? It makes no sense. You sound foolish. Just admit that you’re not that intelligent and don’t have the stats to back up your claims. It’s not hate dear, it’s LOGIC.
Oh no never mad. Why would I be? You or I have not a dog in this race soooo no anger over here lovey. Also foreigners own teams in the nfl lovey lmao! You came looking for me not the other way around missy. I posted a positive vibes post and here you go with the hate! I will never be upset for something I have nothing to do with. I spread love though and positivity. Never anger or hate. I don’t care what you reply at this point because you are full of rage I’m just not here for it lovey poor??
lets not act like we can’t make this happen. there are enough rich black people to make this happen. 2bill is a lot but i feel they can make this happen