Panthers bidder wants Peyton Manning to be part-owner

Ruben Ruiz
May 14, 2018

According to ESPN's David Newton, Sherman Financial Group founder Ben Navarro, previously considered the leading candidate to buy the Panthers, has been informed that the bidding is moving in another direction.

If Manning were to join Navarro's ownership bid, it seems that he would be joining one of the leading groups in the process as the New York Times reported that Navarro's bid is thought to be $2.6 billion.

Manning is still considering Navarro's offer to become a limited partner, according to the sources, who spoke on the condition of anonymity because of the confidential nature of the Panthers' sale.

Peyton Manning looks on prior to Super Bowl LII between the Philadelphia Eagles and the New England Patriots at U.S. Bank Stadium on February 4, 2018 in Minneapolis.

Manning, who lives in Denver, also passed on two high-profile broadcast jobs in recent months.

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Manning is a native of New Orleans who played in college at Tennessee before leading the Colts and Broncos to championships during a 17-year National Football League career.

Richardson's son Mark, a former president of the Panthers, has been a public supporter of Navarro's bid. "I personally know Ben and I know what he stands for". Instead, multiple media reports now indicate that billionaire hedge fund manager David Tepper is now the leading candidate to purchase the National Football League team.

The NFL requires the controlling owner to own at least 30 per cent of the equity in the club.

Other reports by GizPress

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