Charlotte leaders in February believed Panthers were looking into 2013 sale
Summary of 2 articles · Updated Apr 24, 2013
As Charlotte City Council debated in February whether to give the Carolina Panthers money for stadium renovations, the city attorney believed the team might be sold and moved if members turned the team down. Transcripts of closed meetings released Tuesday also show the city and team tangled over the Panthers? tax burden, the length of a contractual agreement to keep the Panthers in Charlotte, and even over a proposal that the city build the team a parking deck. At the Feb. 8 meeting, the documents show that City Attorney Bob Hagemann told council members that a Panthers representative had said owner Jerry Richardson did not rule out selling the team to someone who could move the Panthers. Hagemann then told council members he had talked with Moore about a theory that Richardson wouldn?t sell the team because he would have to pay capital gains taxes, in addition to his heirs later paying an inheritance tax.