NFL Guidelines For Buying The Carolina Panthers
According to USA Today, the NFL outlined some of rules by which the Panthers franchise would change hands under new ownership:
— A new controlling owner is required to individually own at least 30 percent of equity.
— A new owner needs to be able to demonstrate financial wherewithal to acquire and effectively operate the team.
— A new owner must have full voting control over all matters involving club and stadium, all football operations.
— The new owner cannot exhaust his or her (total) financial resources to make a bare minimum equity (acquisition).
— A new owner is limited to a maximum of $250 million in total debt related to the club.