How much will Richardson get for the Panthers?
With Panthers owner Jerry Richardson deciding to sell the team, the ultimate question becomes what will he get for it?
Richardson owns 48 percent of the team, and his ownership group paid $206 million in expansion fees in 1993 for the team that officially joined the league in 1995.
It’s not entirely clear whether Richardson will be selling only his stake in the team, or whether he has the right under the relevant agreements to put the full 100 percent of the equity up for sale.
Regardless, the perceived value of the full franchise will determine what Richardson gets for his 48 percent.
But this assumes that someone will pay $2.5 billion for 100 percent of the team, or $1.2 billion for Richardson’s 48 percent.