Chapter 780： Carolina Panthers

Carolina Panthers owner Jerry Richardson, like the cowboy owner Jerry Jones, was a rugby player before going into business.

But compared with Jones who only played running back at the University of Arkansas, Richardson’s athletic career is more brilliant. As a wide receiver for the Baltimore Colts (the predecessor of the Indianapolis Colts), Richardson won with the team. In the 1959 NFL champion, he received a pass from legendary quarterback Johnny Unitas in the final to complete a touchdown, which was the brightest moment of his career.

However, after winning the championship, the future business man unexpectedly chose to retreat. He took the championship bonus and his partner to open an American fast food restaurant called Hades, and then Hades fast food adopted the form of franchise with rockets. It developed at a rapid rate and eventually became the sixth largest catering giant in the United States today.

Before he officially retired from Hades in 1995, Jerry Richardson returned to the football field he loved. In 1993, he formed the Carolina Panthers in his hometown, North Carolina. Successfully became the 29th team in the NFL.

The market value of the Panthers used to be only 200 million U.S. dollars, but now with the great success of the NFL league, the market value of the Panthers has more than doubled. In the NFL value list released by Forbes last month, The Panthers have a market value of $1.56 billion, ranking 19th among all NFL teams.

Of course, valuation is one aspect, and its actual sale value has to consider other factors. For example, the Panthers’ home land lease rights in Charlotte, North Carolina will expire in four seasons.

If Charlotte is willing to assist the team in building a new venue there, then the purchaser of the team will have to pay more. Therefore, considering this, the actual sale price of the Panthers is likely to be 1.8 billion. Around the dollar.

After hearing the news that Jerry Richardson was preparing to sell the team, the well-known American rapper Bragging Daddy expressed his strong willingness to buy through Twitter. He directly wrote: "I want to buy the Panthers." He also added: "There are not many African American football team owners in the league. Let us make history."

According to Forbes data, the bragging father is worth about 700 million U.S. dollars, and his annual income is about 100 million U.S. dollars. Of course, it is difficult for him to acquire a successful acquisition. It is bound to form a joint consortium with other wealthy individuals who intend to be flexible. Sexuality is definitely not as good as Yang Cheng and some Wall Street rich, so this competitor is not to be feared.

There are two billionaires who don’t want to stand in the spotlight recently. They deserve Yang Cheng’s attention.

Two relatively lesser-known bidders, Alan Kestenbaum and Sherman Financial Group Co., Ltd. founder Ben Navarro, gave the equivalent of $1.6 billion in the market price in the first round of quotations, which is already equivalent. Competitive. In addition, there is an acquaintance, David Taber, a hedge fund giant from Wall Street, who offered a price of $1.5 billion. Although the price is slightly lower, it does not mean that he is not competitive.

There was originally a billionaire Michael Rubin, the executive chairman of the sportswear company Fanatics, who participated in the competition, but the first round of quotations had exceeded his expectations and he had to regret to announce his withdrawal from the competition.

Kaistenbaum and Navarro may be less famous than David Taber, and even low-key scary. Anyway, Yang Cheng has never heard of these two names. The person sent to investigate has not come back yet, and it is still unclear. How rich are these two net worth?

But one thing is that the NFL requires that the controlling shareholder personally need to buy at least 30% of the team’s shares from the former shareholders to prove that they have the ability to operate the team’s assets. This means that every bidder must provide close to 700 million. Dollar cash.

Having such liquid assets means that these people’s business empires have higher business value than this number.

Okay, the people Ritz sent to investigate were more effective. When Yang Cheng got off the plane and got into the car, the relevant information had been sent to his mailbox.

Kestenbaum is one of the founders of a private equity investment fund based in Miami. His company's business is to turn a troubled metal company into a profitable state.

According to the data, in 2006, Kaistenbaum bought the global specialty metals company for US$1 million. After as many as 11 mergers and acquisitions, the current market value has reached US$1.9 billion, and Kaistenbaum also Holds 1.1 billion US dollars worth of shares in Canadian Steel Manufacturing Corporation through a fund company.

As for another Ben Navarro, 55 years old, his father was a college football coach. Sherman Financial Group controls a bank, has the ability to issue sub-prime credit cards, and also controls a credit rating agency. Its annual revenue reaches US$3 billion and its profit margin is not low.

The remaining Yang Orange is the most valued and the strongest among the competitors. It is also David Taber, who is most familiar to the owners of each NFL team. He is a minority shareholder of the Pittsburgh Steelers and has long passed the review. According to the procedures, people have no doubt about his wealth. At present, David Taber is among the 50 wealthiest people in the United States with assets of more than 9 billion U.S. dollars. He seems to be stronger than Yang Orange.

Although David Taber’s first round of bids was the lowest among all people, no one would deny his strength. I am afraid that the price of 1.5 billion is just a test.

Ryze appeared on behalf of Yang Cheng and gave a not high or low price in the first round-1.56 billion U.S. dollars, which was consistent with the valuation given by Forbes. It was also just a test according to their analysis. , US$2 billion is the bottom line, and now is far from the time for a substantial price increase.

Bidding for sports clubs is different from bidding for other industries. Everything is on the bright side. The ticket revenue and TV advertising share of each season are very clear. Therefore, the premium will have a bottom line. There will be no uncontrolled bidding. Money doesn't come from a gale, no one is stupid enough to give a sky-high price.

So it is foreseeable that the increase in the second round of bidding will not be too large, at most limited to the level of tens of millions.

And Yang Orange rushed back to prepare to meet with NFL League Chairman Roger Goodall. This is known as one of the richest CEOs in the United States. He made the NFL a cash cow and the NFL into the nation's largest sports league. , Created a capital market of tens of billions of dollars. For this reason, his average annual salary of less than 40 million US dollars and life-long benefits of private jets seem to be worth the money.

On the way to the NFL League headquarters in Midtown Manhattan, Yang Cheng was thinking about seeing Goodall’s remarks for a while. He was going to talk about the possibility of the Panthers’ relocation, Charlotte’s economic development and mild and humid climate. Can’t stop the fact that it’s too small. The total population of the main city and suburbs is less than 2 million. It is not suitable for sports clubs to survive. He also doesn’t want to fly to Charlotte when he goes to the scene to watch football. trouble.

He is confident to persuade Roger Goodall, after all, everything is in line with money!

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