A local ownership group that wants to buy the Carolina Panthers has hired advisers and is visiting stadiums as it prepares to make a bid, Charlotte businessman Felix Sabates told the Observer Thursday.
The Observer reported last month that Sabates was part of an effort to purchase the team from owner Jerry Richardson, who has said he is putting the franchise up for sale at the end of the month following a Sports Illustrated report alleging workplace misconduct by the Panthers owner. Sabates has said the group is very committed to Charlotte.