Billionaire Michael Rubin bidding for Carolina Panthers

Wednesday, 14 Mar, 2018

Billionaire Michael Rubin is reportedly looking to the celebrity and National Basketball Association worlds while putting together a group of possible minority owners to support his bid to buy the Carolina Panthers.

The team was put up for sale at season's end by founder Jerry Richardson, who is being investigated by the National Football League for allegations of workplace misconduct.

Rubin, who runs online sports retail giant Fanatics, is set to submit a bid for the Panthers with Joseph Tsai- co-founder of Chinese web giant Alibaba. The group is led by tech billionaire Michael Rubin, who is the owner of athletic merchandise company.

Rubin already owns a stake in the NBA's Philadelphia 76ers, NHL's New Jersey Devils and the Premier League's Crystal Palace.

- Another contender is now in the ring for ownership of the Panthers. 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. Newton cited Forbes when saying Rubin is worth $3 billion and would need to put down at least 30 percent of the sale price for the Panthers-valued by Forbes at $2.3 million-to be the majority owner.

Hedge fund billionaire David Tepper and Ben Navarro, the founder and CEO of Sherman Financial Group, are the others. He later spoke to reporters about it. "Spread the word." Curry tweeted that he wanted in, and said that he'd talked to his representatives about making it happen.

"Obviously, I have a day job but I've got people that are plugged in and trying to see how to make that happen".

Combs and Curry offer "the robust diversity Rubin is looking for in partners and would be most likely to join his effort", per ESPN. Curry in 2017, according to the magazine, brought in $47.3 million in total earnings.

A few days after Combs initially expressed interest publicly on Twitter, Yahoo Sports' Charles Robinson reported that Combs was already setting up meetings with investors in hopes of putting a potential ownership group together, including free agent National Football League quarterback Colin Kaepernick.

More bids for the franchise are expected to surface in the coming weeks.