Quantcast
Kaepernick, Curry Want to Buy NFL Team With Diddy - December 18, 2017 - SF Weekly
SF Weekly

Kaepernick, Curry Want to Buy NFL Team With Diddy

Stan Olszewski, SF Examiner

Colin Kaepernick claims he’s been blackballed by NFL ownership for his National Anthem protests, but maybe his best way to beat them is to join them. On Monday morning, Kaepernick tweeted his desire to join as an investor in Sean “Diddy” Combs supposed attempt to buy the NFL’s Carolina Panthers. There may be some Golden State Warriors-style “Strength in Numbers” in this potential ownership group, as Steph Curry also tweeted that he wants to invest in the bid.

Could this really happen? Or is it a far-fetched scenario from celebrity Diddy fans with too much tweeting time on their hands? Let’s look at these gentlemens’ net worth and consider the economics of whether they could mount a successful purchase of an NFL team.   

The NFL’s Carolina Panthers are suddenly up for sale, after a blockbuster Sports Illustrated exposé revealed their owner Jerry Richardson had secretly paid out “significant settlements” to ex-employees for sexual harassment and use of racist slurs in the workplace. “I will put the team up for sale at the conclusion of this NFL season,” Richardson said in a statement Sunday. “We will not begin the sale process, nor will we entertain any inquiries, until the very last game [of this season] is played.”

But Richardson already has an inquiry from Diddy. “The North Carolina Panthers are up for sale,” Diddy announced in a Sunday night Instagram video. “I will be the best NFL owner that you can imagine. I will immediately address the Colin Kaepernick situation and put him in the running for next year’s starting quarterback. It’s just competition, baby, it’s just competition.”

How serious is Diddy? He got the team’s name wrong by calling them the “North Carolina Panthers.” He also promised his ownership would entail “the best halftime show” and “the best selection of music.”

Golden State Warriors point guard Steph Curry tweeted, “I want in!” shortly after Diddy posted the video.

“I want in on the ownership group! Let’s make it happen!,” Kaepernick tweeted Monday morning. There is, of course, no precedent for an NFL team having a minority-stake owner on its roster as an active player. It would be kind of a conflict of interest when it comes to benching or cutting players!

Forbes estimates that the Carolina Panthers are worth $2.3 billion. A separate Forbes analysis points out that “a buyer would need to fork over at least $700 million of cash” up front.

Diddy has an estimated net worth of $820 million. Kaepernick has a $22 million net worth (and is unemployed at the moment) while Steph Curry has an estimated $47.3 million net worth, respectively.

In other words, this investment team needs a legitimate billionaire to be involved before it can be taken seriously. This is nothing personal against Diddy, Kaepernick, or Steph Curry. As Diddy himself has said, “It’s all about the Benjamins.”