Various news organizations -- including The Miami Herald -- is reporting that Sports Properties Acquisitions is buying the team from Cohen and his various partners (Cliff Viner, Mike Maroone, Bernie Kosar, Jordan Zimmerman, Steve Cohen, etc.) for $240 million.
Cohen and his group bought the team from H. Wayne Huizenga (who is still part of the partnership) for $101 million in 2001.
SPA is getting the team, the sweatheart lease to the arena and development rights to the surrounding land.
Word I'm getting is that Mr. Cohen has been asked to stay on with the team in some capacity but he has not accepted that offer. Michael Yormark is expected to remain with the team.
And no, the Panthers haven't found a general manager just yet.
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