Business,  Sports

Diddy is interested in buying the Carolina Panthers

By: WTB BLOGGER 

Carolina Panthers owner Jerry Richardson, who is being investigated for alleged workplace misconduct, announced that he’ll sell the team after the 2018 season is completed. The new owner will be determined after what is sure to be a massive bidding price, but hip-hop mogul Diddy has already said that he wants to purchase the team. 

In a video he posted on instagram, Diddy said that one of his first orders of business would be to sign Colin Kapernick. Kaepernick remains a free agent despite throwing 16 touchdowns and four interceptions last season, and there’s belief that the reason he remains unsigned is because of his activism both on and off the field. Kaepernick is credited with starting the movement to protest racial injustice during the national anthem before NFL games. 

Diddy aka Sean Combs, has a net worth of $820 million through multiple business ventures on top of his music career. Diddy is the founder of Bad Boy Records, Revolt TV, Sean John clothing line and the number one selling vodka this year, Ciroc.

Forbes valued the Panthers at $2.3 billion, meaning Combs, a native New Yorker, would likely have to partner with other investors to buy the team.

Diddy wouldn’t be the first hip-hop mogul to invest in a sports franchise. Jay-Z owned a small portion of the Brooklyn Nets before he sold his share in order to avoid a conflict of interest with the sports agency he founded, Roc Nation Sports.

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