OT: David Tepper to buy Panthers for $2.2 billion

[bbobbo]

David Tepper to buy Panthers for $2.2 billion, reports say



$2.2B is almost 60% more than the pegulas paid for the bills in 2014.
.

 

[Bradyking12]

Wtf I thought I had it for $2.1B... oh well

 

[maineman209]

The report I read said it was $2.2 billion .... in cash.

Probably not "small, unmarked bills", but still .... cash.

For perspective, the entire federal food safety and inspection budgets (total of a couple different departments) were less than $2.2 billion, last I checked.

Hedge-fund manager.

 

[maust]

David Tepper to buy Panthers for $2.2 billion, reports say

$2.2B is almost 60% more than the pegulas paid for the bills in 2014.
.

Now imagine what a legit team in a real sports market that owns it's stadium would be worth

 

[maust]

Hedge-fund manager.

Mighty green hedge

 

[bbobbo]

The report I read said it was $2.2 billion .... in cash.

Probably not "small, unmarked bills", but still .... cash.

For perspective, the entire federal food safety and inspection budgets (total of a couple different departments) were less than $2.2 billion, last I checked.

Hedge-fund manager.

the WSJ reported that another group made a higher bid, but tepper's bid included more cash:

Tepper, though, was long the preferred buyer from inside the NFL. While other candidates would have needed to go through a more rigorous vetting process of their financials and their backgrounds, Tepper is a known quantity as a current minority owner of the Pittsburgh Steelers. He will have to give up that stake to become the Panthers’ majority owner.

The $2.2 billion price, first reported by the Charlotte Observer, breaks the previous high for an NFL team, $1.4 billion by the Buffalo Bills in 2014.

Although at least one bid during the process reached higher than Tepper’s, according to a person familiar with the matter, that was contingent on getting minority partners on board. Other factors, including Tepper’s ability to pay more in cash and the fact that his approval appears to be a formality, were other potential factors, the person said.

 

[BobDigital]

The report I read said it was $2.2 billion .... in cash.

Probably not "small, unmarked bills", but still .... cash.

For perspective, the entire federal food safety and inspection budgets (total of a couple different departments) were less than $2.2 billion, last I checked.

Hedge-fund manager.

No way that's true. Maybe they mean a a transfer of one cash account to another but there is no way there was 2.2B in physical money. That would be 48,510 lbs of money even if it was on 100 dollar bills. (a million dollars in 100s in 22.05lbs).

you would need a lot of machinery to move that money.

 

[IcyPatriot]

I read somewhere there might be something brewing to move the team to South Carolina.

 

[BobDigital]

Double post. :'(

 

[bbobbo]

The report I read said it was $2.2 billion .... in cash.

Probably not "small, unmarked bills", but still .... cash.

For perspective, the entire federal food safety and inspection budgets (total of a couple different departments) were less than $2.2 billion, last I checked.

Hedge-fund manager.

No way that's true. Maybe they mean a a transfer of one cash account to another but there is no way there was 2.2B in physical money. That would be 48,510 lbs of money even if it was on 100 dollar bills. (a million dollars in 100s in 22.05lbs).

you would need a lot of machinery to move that money.

"cash" simply means "not financed". it's akin to the down payment on a mortgage. tepper offered more cash down than the higher bid.
.

 

[mitsudriver]

I read somewhere there might be something brewing to move the team to South Carolina.

BOA stadium is only around 13 miles from SC. I'm not sure what area in SC could rival the Charlotte/Triad/Raleigh area for fan base/wealth.

 

[maineman209]

Now imagine what a legit team in a real sports market that owns it's stadium would be worth

$3.7 billion as of last September, according to Forbes.

 

[maineman209]

"cash" simply means "not financed". it's akin to the down payment on a mortgage. tepper offered more cash down than the higher bid.
.

Actually, Tepper probably could write a check for $2.2B that would clear.

 

[Charlotte Pats Fan]

Must be nice to be able to stroke a check for 2.2 billion. As previously mentioned they could build a facility 15 miles south in South Carolina

 

[Ochmed Jones]

I think this means he has to sell his minority ownership in the Steelers. After doing my due diligence on the coach and players on that team, I’ll give tepper a hundred grand for his minority share, but he also has to sign over his Bugatti Chiron to me!

After all he sticking me with a lemon of an organization!

 

[bormio]

I read somewhere there might be something brewing to move the team to South Carolina.

Where? No place in SC similar to Charlotte. SC is all about Tigers and Gamecocks, not Panthers. Panthers did play their first year at Clemson - before their stadium was built. Cannot see a move to SC at all.

Edit: Guess you are talking about a move over the state line, but still in Charlotte metro area. Still makes little sense - Charlotte downtown has come to life with their downtown stadium.

 

[Wordsmyth]

Was 2.1 of that Scam's ego?