Bashful Billionaires Battle to Own NFL Team
- Alan Kestenbaum, Ben Navarro among those bidding for Panthers
- Hedge fund titan David Tepper still in running to buy team
Cam Newton of the Carolina Panthers
Photographer: Jonathan Bachman/Getty Images North AmericaThis article is for subscribers only.
Sky-high bidding for the Carolina Panthers has pushed two of America’s more private billionaires into the spotlight.
Offers have topped $2.5 billion as at least three tycoons tussle for the National Football League team based in Charlotte, North Carolina. Two relative unknowns -- industrialist Alan Kestenbaum and Ben Navarro, founder of Sherman Financial Group LLC -- have each proposed more than that amount, while hedge fund titan David Tepper submitted a bid that is reportedly lower.