*Sean “Diddy” Combs and Golden State Warriors guard Stephen Curry are among the minority investors e-commerce billionaire Michael Rubin has assembled, according to an ESPN report.
Rubin is setting his sights on buying the Carolina Panthers — both Combs and Curry have previously made their desire to buy the Carolina Panthers (or buy part of the Panthers) pretty damn clear.
Rubin is one of three potential owners to formally notify the NFL of an intent to purchase the team, which is being put up for sale by founder Jerry Richardson following an NFL investigation into allegations of workplace misconduct, per USA Today.
Scroll up to watch the report via the player above.
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ESPN’s David Newton writes that Rubin appears to be going up against Sherman Financial Group CEO Ben Navarro, as well as hedge fund billionaire David Tepper. Newton noted that Rubin is worth $3 billion, and he needs to put down 30 percent of the Panthers’ sale price (estimated around $2.3 billion) in order to be the majority owner.
The cost could come down if there aren’t enough bidders to drive it up. Additionally, Newton adds that an ownership group can have up to 25 members.
“Rubin, who owns sports apparel retailer Fanatics, already has stakes in the Philadelphia 76ers, the New Jersey Devils, and Crystal Palace of the Premier League.”
Curry previously stated his wish of being in an ownership group to acquire the club, but neither Steph or Diddy have the amount of wealth necessary to be a majority owner. They are, however, said to be what Rubin is looking for in members of his ownership group, per complex.com.
Official bids are expected to be submitted over the course of the next few weeks.
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