Ben Navarro, the owner of the investment firm Sherman Financial Group, and Alan Kestenbaum, the chief executive of Bedrock industries—a company that owns and operates metal and mining companies—are the the two bidders remaining to buy the Panthers, Ken Belson of The New York Times reports.
Belson reports that David Tepper, the minority owner of the Steelers who was reportedly the favorite among the other owners to purchase the Panthers, has backed out of the bidding process, leaving only Navarro and Kestenbaum still vying for ownership of the team.
According to Belson, Tepper and Fanatics owner Michael Rubin, who also reportedly backed out of the bidding process for Carolina recently, both decided the $2.