The group that includes Diddy and Curry are reportedly stepping out of the race to buy the Carolina Panthers, as price soars to $2.5 billion.
Hip Hop mogul Sean “Diddy” Combs and Golden State Warriors All-Star guard Stephen Curry are unlikely to be future owners of the Carolina Panthers. Diddy and Curry were minority partners in a group with billionaire Michael Rubin. However, the latest bid for the team has reportedly reached a record $2.5 billion.
Per ESPN, Rubin, the owner of Fanatics — a major online sports merchandise & memorabilia retailer — has dropped out of the bidding after the revelation of the record bid, which would make the Panthers the highest-selling franchise in sports history. The current record — the Houston Rockets were sold for $2.2 billion back in 2017.
However, all hope is not lost. ESPN also reported that Rubin is still interested — at the right price. This is a confidential process, therefore the accuracy of the reported historic bid is not completely guaranteed.
After the initial announcement was made that Panthers’ owner Jerry Richardson would sell the franchise after the 2017 season, Diddy exclaimed his interest in becoming the new owner via Instagram.