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Biding price on Carolina Panthers increased to $2.5 billion

Golden State Warriors star and North Carolina native Steph Curry is no longer in the bidding war for the Carolina Panthers.

According to ESPN, the bidding for the NFL team increased to $2.5 billion, Bloomberg reported today, and Fanatics owner Michael Rubin is not interested in paying that much.

Rapper and mogul Sean “Diddy” Combs and Golden State Warriors All-Star Stephen Curry were among potential minority partners with Rubin. At this point, billionaire businessman Joseph Tsai is the only confirmed partner with Rubin, sources said.

Rubin is willing to go higher than his initial bid, however, sources tell ESPN, and he remains interested at what he considers the right price, according to the source who spoke on the condition of anonymity because the bidding process is confidential.

Sources close to the process could not confirm to ESPN that the $2.5 billion is accurate. The Panthers are valued by Forbes at $2.3 billion. It is unclear what Rubin considers the right price.

Former owner Jerry Richardson announced in December that he is selling the team after reports of an NFL investigation into allegations of sexual and racial workplace misconduct. He stepped down from the day-to-day operations of the organization and Tina Becker was named the chief operating officer.

According to reports, after Richardson selects his choice for the winning bid, three-fourths of the 32 NFL owners have to approve the sale, which could happen during the May 21-23 meetings in Atlanta.

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