Source: Diddy, Curry could be in Panthers bid

From ESPN - March 13, 2018

CHARLOTTE, N.C. -- Rapper and mogul Sean "Diddy'' Combs and Golden State Warriors All-Star Stephen Curry are among a strong, diverse group that e-commerce billionaire Michael Rubin is putting together as potential minority owners in his effort to purchase the Carolina Panthers, a source told on Tuesday.

Rubin's name surfaced on Sunday as a serious bidder to purchase the team that Jerry Richardson put up for sale amidst an NFL investigation into allegations of workplace misconduct.

Rubin, the owner of the sports apparel retailer Fanatics, on Monday was one of three known bidders with the financial strength to be a majority owner who notified the NFL with a formal letter of intent required by the league.

The other two are hedge fund billionaire David Tepper and Ben Navarro, the Charleston, South Carolina-based founder and CEO of Sherman Financial Group.

Rubin already owns a stake in the NBA's Philadelphia 76ers, NHL's New Jersey Devils and the Premier League's Crystal Palace. He is worth $3 billion, according to Forbes, so he would have the money to put down the required 30 percent of the sale price the league requires for the majority owner.

The team was valued by Forbes at $2.3 billion, but insiders have told ESPN the team could go for less if there are not enough bidders to drive up the price.

An owner can then have up to 25 members in his ownership group.

Combs and Curry both expressed interest in being part of an ownership group when Richardson first announced the team would be put up for sale.


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