Potential Panthers bidder and Charleston businessman visits BofA - | WBTV Charlotte

Potential Panthers bidder and Charleston businessman visits BofA Stadium

WBTV WBTV
CHARLOTTE, NC (WBTV) -

Carolina Panthers bidder and Charleston businessman Ben Navarro made a site visit to Bank of America Stadium Monday, marking the second potential bidder to visit the team's home turf.

A former Citigroup executive, Navarro heads Sherman Financial Group, a Charleston-based diversified financial services company.

In 1997, Navarro founded Sherman Financial and is still the CEO. The company serves consumer credit needs through its subsidiary, Credit One Bank N.A.

In addition, the company purchases and manages consumer debt, manages investments in corporate debt, real estate and structured credit; and is the owner of Kroll Bond Rating Agency.

RELATED: Potential new bidder for Panthers is wealthy SC businessman, sources say

Canadian steel company CEO Alan Kestenbaum visited Charlotte on March 28 after having made a bid on the team.

So far, the two other likely bidders that have surfaced are Philadelphia e-commerce innovator Michael Rubin and Miami hedge fund manager David Tepper.

Bloomberg reported that Rubin's group had dropped out of the bidding process due to the price escalation, but his spokesman reportedly declined to comment.

The Charlotte Observer said that sources close to the process said Rubin has made a bid and is still interested in the team.

RELATED: Bidder visiting Carolina Panthers this week as sale of team heats up, sources say

Charlotte businessman Felix Sabates started a potential local ownership group, but may look at partnering with another bidder. 

Other names that have been linked to the sale of the team include celebrities and athletes such as Diddy, Colin Kaepernick and Steph Curry. 

RELATED: Report: Carolina Panthers price tag reaches record-setting amount

Jerry Richardson put the team up for sale in December after the NFL took over an investigation into workplace misconduct allegations.

A new owner has to be approved by 24 of 32 NFL owners.

Copyright 2018 WBTV. All rights reserved. 

  • Local NewsMore>>

  • Victims and gunmen identified in fatal shooting at a Union Co. hotel

    Victims and gunmen identified in fatal shooting at a Union Co. hotel

    Sunday, April 22 2018 3:24 PM EDT2018-04-22 19:24:17 GMT
    (Fred Craft | WBTV)(Fred Craft | WBTV)

    Officials are conducting a homicide investigation after Union County police found one person dead and three others injured at a hotel. According to a report, officials say they responded to the Relax Inn on U.S. 74 around 1 a.m. Sunday morning when they located the victims of a shooting.  

    More >>

    Officials are conducting a homicide investigation after Union County police found one person dead and three others injured at a hotel. According to a report, officials say they responded to the Relax Inn on U.S. 74 around 1 a.m. Sunday morning when they located the victims of a shooting.  

    More >>
  • Councilwoman LaWana Mayfield apologizes 'for the hurt that may have been caused' from 9-11 conspiracy Facebook post

    Councilwoman LaWana Mayfield apologizes 'for the hurt that may have been caused' from 9-11 conspiracy Facebook post

    Sunday, April 22 2018 3:22 PM EDT2018-04-22 19:22:30 GMT
    Charlotte City Council member LaWana Mayfield questioned whether the 9-11 terrorist attacks were real in a social media post Monday, saying she is "still waiting for someone to produce pieces of the alleged plane." (Charlotte Observer File Photo)Charlotte City Council member LaWana Mayfield questioned whether the 9-11 terrorist attacks were real in a social media post Monday, saying she is "still waiting for someone to produce pieces of the alleged plane." (Charlotte Observer File Photo)

    Charlotte City councilwoman LaWana Mayfield said on Sunday that she is not going to resign following requests for such about a post she created on Facebook questioning the authenticity of the 9-11 attacks in New York City.  

    More >>

    Charlotte City councilwoman LaWana Mayfield said on Sunday that she is not going to resign following requests for such about a post she created on Facebook questioning the authenticity of the 9-11 attacks in New York City.  

    More >>
  • FIRST ALERT: Heavy rain expected in the beginning of the week

    FIRST ALERT: Heavy rain expected in the beginning of the week

    Sunday, April 22 2018 9:56 AM EDT2018-04-22 13:56:01 GMT

    We are getting a clearer picture now on the timing and arrival of rain for our First Alert Days Monday and Tuesday. We want to emphasize there is no severe weather threat this week, but just don't want anybody to get caught off guard by the heavy rain after such a beautiful weekend.  

    More >>

    We are getting a clearer picture now on the timing and arrival of rain for our First Alert Days Monday and Tuesday. We want to emphasize there is no severe weather threat this week, but just don't want anybody to get caught off guard by the heavy rain after such a beautiful weekend.  

    More >>
Powered by Frankly