Published: Mon, May 14, 2018
Entertaiment | By Minnie Bishop

Peyton Manning considering offer to join ownership bid for Panthers

Peyton Manning considering offer to join ownership bid for Panthers

A leading bidder for the Carolina Panthers has reached out to Manning about joining his ownership group, per the Charlotte Observer.

Ben Navarro is reportedly out of the running to purchase the Carolina Panthers. Manning hasn't made a decision on the offer, which would make Manning a limited partner.

It remains to be seen if Manning will have anything to do with the new ownership of the Panthers but he's been in high demand this offseason.

Data compiled by Forbes indicates Manning retired from the National Football League with $249 million worth of earnings on top of $150 million he received from his multiple commercial endorsements.

The Panthers were put up for sale after the 2017 season following sexual harassment and workplace sexual and racial misconduct allegations against current owner Jerry Richardson that were published by Sports Illustrated in December. But there is also a belief that Manning's interests lie more in being a team executive or a part-owner than a broadcaster.

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David Newton of reports Tepper could be announced as the team's new owner as soon as Monday or Tuesday.

Navarro's group is believed to be the leading bidder for the Panthers at $2.6 billion, which would be a record price for an American pro sports franchise.

The NFL spring league meeting takes place May 21-23 in Atlanta. But it's unclear whether that is still a realistic timetable. At present the Richardson's own 48 per cent of the Panthers.

Navarro has the backing from Richardson's son, Mark, who believes he is the right man for the team.

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