Originally posted by VDpwndMjenkins:
Originally posted by WINiner:
According to an Inside the NFL segment tonight, Diddy has 0 chance of buying the Panthers, much less Kap or any other current NFL/NBA player.
You must be able to write a check for nearly 1 billion dollars (they said 800 million, but were estimating 2 billion sale price, when people a little more in the know estimate closer to 2.5), of which only 30% can be financed, and then you need to have have nearly that amount in liquid funds available after having written that check to have available to invest in the team. The owners then vet your business, behavioral, legal backgrounds and then no more than 9 owners can say no for any reason they see fit to say no, for you to get the team. Diddy is estimated to be worth 800 million ish, so doesn't even have half what he'd need and that would be every red cent that he owns.
In other words, unless you are a multi billionaire, like 3/3.5 minimum, it aint happening.
Did they mention partners in that segment?
No