Reports of a projected sale price of $2.5 billion for the Panthers are exaggerated, league sources said, but a sale in excess of $2 billion is likely and should be completed by the start of next season. Richardson is intent on selling and the process will move quickly, the sources said, and could include some of the team's existing minority owners. There are no lack of interested parties, including several minority owners from other NFL clubs, but the league office will have a more limited role in this sale. With Richardson not using an estate and not keeping the team within his family in any way, he does not have to accept the highest bidder and does not have to sell to whomever the league office might prefer. In fact, Richardson has unusual autonomy in the sale process after quickly opting to put the team on the market at the end of the season after details of workplace actions and allegations against him became public. While there has been plenty of speculation about Diddy being a potential owner of the team, no one I spoke to who has even a remote connect to Richardson envisioned that scenario. While any decision Richardson makes will require two-thirds of the owners voting to bring in the new owner, he can operate how he likes in determining whom he wants to sell to. Several interested parties said it has been made clear to them that Richardson will not engage in any conversations on this matter until after the season ends.
Panthers sale expected to fall short of $2.5 billion, should be done before 2018 season
CBS Sports | Dec 24