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Report: Carolina Panthers owner's son supports Charleston businessman's bid to own team

Source: Carolina Panthers Source: Carolina Panthers
CHARLESTON, SC (WCSC) -

The son of Carolina Panthers' owner Jerry Richardson has thrown his support behind Charleston businessman Ben Navarro to become the next owner of the franchise, according to the Charlotte Observer. 

The paper reported that Mark Richardson has previously met with Navarro. 

“I’m sure there are multiple people that could be the right next owner. I personally know Ben and I know what he stands for,” Richardson told the Observer on Tuesday. “I know where his heart and his head is, and what his commitments are. And I can’t imagine a better person being the next owner than him.”

WBTV reported that Navarro made a site visit to Bank of America Stadium earlier in April.  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.

The New York Times reported there are six bidders for the team with four publically known, including Navarro. The paper stated his offer was somewhere between $2 billion and $2.2 billion. 

24 of 32 NFL teams must approve the sale before it would be completed. Richardson, 82, announced that he would put the team up for sale in December 2017. 

Navarro founded Meeting Street Schools which runs private schools with an eye toward low-income students. It's flagship school is the Meeting Street Academy in downtown Charleston which opened in 2008. It also operates an academy in Spartanburg and is part of a public-private partnership with the Charleston County School District at Meeting Street Elementry in North Charleston. 

Copyright 2018 WCSC. All rights reserved. 

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