The interesting thing about owners who get caught up in scandals is how even if they have to give up the team they still make a BILLION on the way out.
In this case, Jerry Richardson is looking at making $2.5 billion after being caught asking female employees to rub his crusty feet.
Only in America as Don King would say. Diddy and Steph Curry were part of an ownership group to buy the franchise, but it looks like that group is bowing out because the price has gotten too high according to Bloomberg.
The price of the Carolina Panthers has reached $2.5 billion, according to people familiar with bids for the NFL team, which would set a record for a U.S. professional sports franchise.
The rapid escalation in bidding has prompted Michael Rubin, the billionaire executive chairman of sports-apparel company Fanatics, to drop out of the process, said the people, who requested anonymity because the matter is private.
Hopefully, whoever buys the franchise has some sort of minority representation, but don’t count on it.