Steph Curry, Diddy Part of Group To Submit Bid To Buy Panthers

Steph Curry, Diddy Part of Group To Submit Bid To Buy Panthers

On Tuesday, ESPN's David Newton reported that billionaire Rubin has turned towards the National Basketball Association and Hollywood to put together a group of investors to support his bid.

The Panthers are for sale after Jerry Richardson announced his plans to sell the team in December amid 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.

ESPN's David Newton writes that Rubin is going up against Sherman Financial Group CEO Ben Navarro, as well as hedge fund billionaire David Tepper.

This wouldn't be his first venture into the sports world, as he owns a stake of the Philadelphia 76ers, New Jersey Devils and the Premier League's Crystal Palace.

Neither man has the requisite net worth to serve as a majority owner-Forbes pegs the Panthers' worth at $2.3 billion and Combs' net worth at roughly $820 million.

California teacher accidentally fires gun in class, injures students
He adds that, "Clearly, we will revisit this incident to ensure that something like this would never happen again". As some of you may know, the teacher is a reserve police officer. "We will be looking into that", Ferrante said.

However the cost could be driven down if there aren't enough bidders to drive it up.

Curry and Combs would be high-profile members of what ESPN described as "a strong, diverse group" being assembled by Rubin, who has amassed an estimated fortune of $3 billion via various e-commerce enterprises.

"Obviously I have a day job, but I've got people that are plugged in and are trying to see how to make that happen", Curry, who was born in North Carolina and is a Panthers fan, was quoted as saying at the time. He later spoke to reporters about it.

Neither Combs nor Curry have the money to consider being a majority owner. "I'm very interested and very willing to do what it takes to make that happen", hesaid. Curry, on the other hand, made $47.3 million in 2017, per Forbes.

More bids for the franchise are expected to surface in the coming weeks. A number of sources added that the earliest date that they would be expected to do that would be during meetings held in Atlanta this May.

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