Football David Tepper purchases Carolina Panthers

Chief Roundup · 05-14-2018, 06:02 PM

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.

Discuss Thrower · 05-14-2018, 06:06 PM

Hot take: that's about a $950 million overpay.

Don't @ me.

**MahiMike** · 05-15-2018, 07:14 PM

Quote:

Originally Posted by Discuss Thrower

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.

**HemiEd** · 05-16-2018, 04:51 AM

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?

Mile High Mania · 05-14-2018, 06:41 PM

Imagine what someone would pay for a team like the patriots or the Cowboys. Crazy

CaliforniaChief · 05-14-2018, 07:32 PM

I would think every owner would sprint to whatever yes button they could find at that valuation.

**Rain Man** · 05-14-2018, 09:58 PM

I think it's valued high in part because of Thomas Davis' strong relationships with steroid providers.

chiefzilla1501 · 05-15-2018, 02:24 AM

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.

ChiefsCountry · 05-15-2018, 09:14 AM

Quote:

Originally Posted by chiefzilla1501

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.

chiefzilla1501 · 05-15-2018, 12:33 PM

Quote:

Originally Posted by ChiefsCountry

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.

ChiefsCountry · 05-15-2018, 12:48 PM

Quote:

Originally Posted by chiefzilla1501

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

dj56dt58 · 05-15-2018, 05:53 AM

He is keeping them in Charlotte per espn

chiefzilla1501 · 05-15-2018, 06:24 AM

Quote:

Originally Posted by dj56dt58

He is keeping them in Charlotte per espn

They negotiated a clause that he has to pay $200-300m extra if he moves the team. Richardson may have been shoved out, but at least he kept Charlotte in his best interests.

COchief · 05-15-2018, 06:45 AM

Absurd overpay, I would say the NFL is looking at maybe another 20-30 years at best until the league is looking at certain death. Entertainment options are far superior to the NFL and the trend is only going to continue. Millennials are not interested in or watching live sports, the baby boomers (1/3 of US pop) will die out, the advertising money is drying up along with the TV deals (ESPN/CNNSI already dying/dead). Kids are being held out of football and losing interest across the board in sports. Parents both have to work to support a family in the US and are sadly taking the lazier option. They are left with the choice of shelling out money and running their kids everywhere or simply tossing them the ipad/xbox/netflix remote for basically nothing and eliminating all that hassle. The NFL is already losing massive ratings and that is only going to continue. Oddly a few ass pats might end up being the best thing Richardson ever did from a business perspective as he got out with a huge win on his investment.

chiefzilla1501 · 05-15-2018, 07:12 AM

Quote:

Originally Posted by COchief

Absurd overpay, I would say the NFL is looking at maybe another 20-30 years at best until the league is looking at certain death. Entertainment options are far superior to the NFL and the trend is only going to continue. Millennials are not interested in or watching live sports, the baby boomers (1/3 of US pop) will die out, the advertising money is drying up along with the TV deals (ESPN/CNNSI already dying/dead). Kids are being held out of football and losing interest across the board in sports. Parents both have to work to support a family in the US and are sadly taking the lazier option. They are left with the choice of shelling out money and running their kids everywhere or simply tossing them the ipad/xbox/netflix remote for basically nothing and eliminating all that hassle. The NFL is already losing massive ratings and that is only going to continue. Oddly a few ass pats might end up being the best thing Richardson ever did from a business perspective as he got out with a huge win on his investment.

I've said before, the NFL needs the XFL or Ebersol's league more than ever. The owners are too safe and out of touch to try anything different. Sadly, it will take a competitor league with owners willing to put everything on the line to find a few ideas that work. The NFL will copy some of their best ideas. The NFL owners will eventually run the league into the ground. Every rule change puts money above making the game better. No innovation whatsoever. That's what happens when you have NFL owners who can make a shitload of money even if they suck at their job.

05-14-2018, 06:02 PM	Topic Starter
Chief Roundup Admitted Planet Junky Join Date: Oct 2000 Casino cash: $2161627	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.
Posts: 19,190

05-14-2018, 06:06 PM	#2
Discuss Thrower "You like to drink?" Join Date: Jun 2006 Location: "I like to drink." Casino cash: $3326869	Hot take: that's about a $950 million overpay. Don't @ me. __________________ Chiefs 2016 Opponents: Home: JAX, TEN, NO, TB, NYJ. Away: HOU, IND, ATL, CAR, PIT Chiefs 2017 Opponents: Home: BUF, MIA, PHI, WSH, AFC North. Away: NE, NYJ, NYG, DAL, AFC South
Posts: 42,667

05-16-2018, 04:51 AM	#4
HemiEd Supporter Join Date: Dec 2004 Location: Ozarks Casino cash: $3380564	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?
Posts: 33,392

05-14-2018, 06:41 PM	#5
Mile High Mania #triggering Join Date: Aug 2000 Location: Tejas Casino cash: $3767229	Imagine what someone would pay for a team like the patriots or the Cowboys. Crazy __________________
Posts: 30,238

05-14-2018, 07:32 PM	#6
CaliforniaChief #RIPAce Join Date: Jan 2009 Location: So Cal Casino cash: $12422899	I would think every owner would sprint to whatever yes button they could find at that valuation.
Posts: 17,319

05-14-2018, 09:58 PM	#7
Rain Man NFL's #1 Ermines Fan Join Date: Jul 2001 Location: My house Casino cash: $3418491 VARSITY	I think it's valued high in part because of Thomas Davis' strong relationships with steroid providers. __________________ I'm putting random letters here as a celebration of free speech: xigrakgrah misorojeq rkemeseit.
Posts: 141,199

05-15-2018, 02:24 AM	#8
chiefzilla1501 In Search of a Life Join Date: Aug 2008 Casino cash: $2204497	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. Last edited by chiefzilla1501; 05-15-2018 at 02:33 AM..
Posts: 47,942	2 0

05-15-2018, 05:53 AM	#12
dj56dt58 Banned Join Date: Dec 2005 Location: Missouri Casino cash: $9960055	He is keeping them in Charlotte per espn
Posts: 6,361

05-15-2018, 06:45 AM	#14
COchief Blame it on the Henne Join Date: Jan 2002 Location: Donk-town Casino cash: $6913231	Absurd overpay, I would say the NFL is looking at maybe another 20-30 years at best until the league is looking at certain death. Entertainment options are far superior to the NFL and the trend is only going to continue. Millennials are not interested in or watching live sports, the baby boomers (1/3 of US pop) will die out, the advertising money is drying up along with the TV deals (ESPN/CNNSI already dying/dead). Kids are being held out of football and losing interest across the board in sports. Parents both have to work to support a family in the US and are sadly taking the lazier option. They are left with the choice of shelling out money and running their kids everywhere or simply tossing them the ipad/xbox/netflix remote for basically nothing and eliminating all that hassle. The NFL is already losing massive ratings and that is only going to continue. Oddly a few ass pats might end up being the best thing Richardson ever did from a business perspective as he got out with a huge win on his investment.
Posts: 2,973

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