Published: Thu, March 15, 2018
Sports | By Brooke Harris

Diddy, Curry among group bidding for Panthers

Diddy, Curry among group bidding for 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.

Steph Curry and Diddy are moving forward with plans to own the Carolina Panthers.

According to Newton, Rubin, hedge fund billionaire David Tepper and CEO of Sherman Financial Group Ben Navarro are the three known bidders who have enough money to become a majority owner.

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We first learned that the Panthers would be put up for sale after workplace misconduct allegations surfaced against the team's founder and current owner, Jerry Richardson.

Rubin, whose net worth is estimated at $2.7 billion, already owns minority shares of the NBA's Philadelphia 76ers and the NHL's New Jersey Devils. When news of the expected sale emerged, Combs tweeted his desire to buy the team and Curry responded on Twitter that he also was interested. The group is led by tech billionaire Michael Rubin, who is the owner of athletic merchandise company.

In Curry's case, the reason for the Charlotte native and Panthers fan's interest is clear. Diddy is estimated to be worth $820 million by Forbes while he had $47.3 million in total earnings previous year. "I would like to buy the Panthers", Diddy tweeted. The source close to Kaepernick said the quarterback had a "shared vision" with Combs about creating an ownership group that more closely represents the racial makeup of the league's players, which is about 70 percent African-American.

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"Obviously I have a day job but I've got people that are plugged in and trying to see how to make that happen". "I'm very interested and very willing to do what it takes to make that happen", hesaid.

ESPN reports official bids are expected to begin coming in over the next couple of weeks but a decision won't likely be made until May at the earliest.

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