Carolina Panthers owner Jerry Richardson reportedly turned down a $1.25 billion offer to move the team to Los Angeles. Rumors about the Panthers heading to Los Angeles came up last year when discussions began about funding renovations in Charlotte.
Richardson has maintained that he would like to keep the team in Carolina and if the report is true, turning down a $1.25 billion deal shows that dedication. The organization and city have continued to work on a deal that would use money raised from a food and beverage tax to help pay for the renovations to Bank of America Stadium.
Until that deal is complete though, the rumors around Los Angeles will linger around.