Diddy, Curry involved in bid for Panthers ownership

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Diddy, Curry involved in bid for Panthers ownership

Sean "Diddy" Combs and two-time NBA MVP Stephen Curry are among a group preparing to bid for the Carolina Panthers, according to ESPN.

The report also noted that Rubin appears to be going up against Sherman Financial Group CEO Ben Navarro, as well as hedge fund billionaire David Tepper for the purchase.

Forbes magazine has valued the Panthers at $2.3 billion, while pegging Rubin's net worth at $3 billion.

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Rubin is one of three potential owners to formally notify the National Football League of an intent to purchase the team, which is being put up for sale by founder Jerry Richardson following an National Football League investigation into allegations of workplace misconduct. He owns a slice of the basketball's Philadelphia 76ers, he is invested in the NHL's New Jersey Devils and is also a member of the ownership team of the Premier League's Crystal Palace.

The two-time National Basketball Association champion now looks set to dip his toe into another sport, after hinting he could join a consortium of minority owners to support Michael Rubin's bid to buy football team Carolina Panthers.

Combs and Curry both expressed interest in being part of an ownership group when Richardson first announced the team would be put up for sale.

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Former Panthers owner Jerry Richardson agreed to sell the team in December after reports surfaced that he paid at least four women to keep quiet about workplace misconduct, including sexual harassment and using a racial slur. The NFL requires a majority owner to put up 30% of the sale price. "I'm very interested and very willing to do what it takes to make that happen", hesaid.

According to ESPN, official bids are expected to begin coming in over the next couple of weeks.

The next owner of the Panthers will have to be approved by three-quarters of the NFL's owners.

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