According to David Newton of ESPN, rapper Sean “Diddy” Combs and NBA star Stephen Curry are among a strong and diverse group of minority owners that billionaire Michael Rubin is putting together in an attempt to purchase the Carolina Panthers.
Reports from last weekend mentioned that Rubin was a serious bidder for the franchise. Newton says that Rubin is one of three known bidders for the team including hedge fund billionaires David Tepper and Ben Navarro.
Rubin is the owner of the sports apparel retailer Fanatics and has a stake in the NBA’s Philadelphia 76ers, NHL’s New Jersey Devils and the Premier League’s Crystal Palace. In total, he’s believed to be worth $3 billion, which means he should be able to come up with the required 30 percent down to purchase an NFL franchise.
Previous reports have said that the Panthers could sell in excess of $2.3 billion.
As for Combs and Curry, there was talk dating back to last year that they were interested in purchasing the team, but it was clear that their best opportunity to be involved with the Panthers was as a minority owner.
We’ll have more regarding the Panthers’ sale as the news is available.
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