Labeled as a frontrunner in the bidding to become the new Panthers owner, businessman Ben Navarro will make a visit to the team’s facilities next week, Joseph Person of the Charlotte Observer reports (Twitter link). Person also notes another suitor, Alan Kestenbaum, was in on Wednesday.
A vote on a new owner is expected to take place during late-May meetings in Atlanta, according to David Newton of ESPN.com, who adds a reported sale price of $2.5 billion could potentially be a bit inflated. The last franchise that was sold, the Bills in 2014, went for $1.4 billion.
According to Albert Breer of the MMQB, Navarro is already being vetted by the NFL. The South Carolina businessman is the founder of Sherman Financial, but some owners have had concerns about how Navarro made his money.
Navarro and Kestenbaum are joined by Steelers minority owner and hedge-fund billionaire David Tepper as the perceived top contenders to acquire the franchise. The reported sale price has already helped one potential suitor, Michael Rubin, withdraw his name from the running. Rubin’s group reportedly included Sean “Diddy” Combs and two-time NBA MVP Stephen Curry.
Here’s more from around the NFL:
- Thanks to a video produced by Sports Illustrated, we have some insights into the offers received by cornerback Malcolm Butler before he agreed to sign with the Titans. Early on, the Bears pitched him on a three-year, $30MM deal while the Texans offered a one-year contract (value unknown). It seems that Tennessee greatly outbid the other suitors after signing him to a five-year, $61.25MM deal with $24MM fully guaranteed.
- For their offseason so far, the Jets have received a grade of B- from ESPN’s Rich Cimini. Considering the team whiffed in its pursuit of Kirk Cousins, that’s not a bad grade to receive. Cimini cites, among other things, the team’s addition of Trumaine Johnson as the team’s most significant offseason signing so far.
- Su’a Cravens, who was acquired by the Broncos from the Redskins earlier this week, told Nicki Jhabvala of The Denver Post he wanted to play for a team that wanted him. “I can tell that Denver actually wanted me on the team. It wasn’t just, ‘This is smart for our team,” he said. Cravens sat out the entire 2017 season as a member of the Redskins. “I never felt like I could be myself with the Redskins. It’s a blessing obviously to be drafted by the Redskins and I will always thank them for giving me my opportunity. But I just think after my rookie year when I had those injuries, I just felt like things kind of changed.