Diddy, Steph Curry included on billionaire's ownership group for Panthers bid

Diddy, Steph Curry included on billionaire's ownership group for Panthers bid

However, according to ESPN, Rubin faces competition from hedge fund billionaire David Tepper and CEO of Sherman Financial Group Ben Navarro, who are also understood to have the financial capabilities to become majority owner.

Rubin is one of three potential owners to formally notify the National Football League of an intent to purchase the team, which is being put up for sale by founder Jerry Richardson following an National Football League investigation into allegations of workplace misconduct.

Owner of the sports apparel retailer Fanatics, Rubin notified the NFL about his intention to bid on the team on March 11 via a formal letter as required by league rules. He owns a slice of the basketball's Philadelphia 76ers, he is invested in the NHL's New Jersey Devils and is also a member of the ownership team of the Premier League's Crystal Palace. Shortly after Richardson's announcement to sell the team, Diddy expressed his desire to buy the team which then prompted Golden State Warriors All-Star Stephen Curry to say he wanted in as well.

We first learned that the Panthers would be put up for sale after workplace misconduct allegations surfaced against the team's founder and current owner, Jerry Richardson.

"Obviously I have a day job, but I've got people that are plugged in and are trying to see how to make that happen", Curry, who was born in North Carolina and is a Panthers fan, was quoted as saying at the time. Forbes has Diddy valued at $820 million and Curry brought in $47.3 million in 2017 alone.

But both offer the robust diversity Rubin is looking for in partners and would be most likely to join his effort, although nothing has been finalized, a source said. The winning bidder would need the approval of three-quarters of the NFL's 32 team owners.

The earliest that a decision is expected to happen is at the owners' meetings in May in Atlanta.

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