The rapper, along with Warriors star Stephen Curry, is amongst a minority group being put together by billionaire Michael Rubin to purchase the National Football League franchise, ESPN reports.
Rubin, whose net worth is estimated at $2.7 billion, already owns minority shares of the NBA's Philadelphia 76ers and the NHL's New Jersey Devils.
Just before the regular season was set to end, Carolina Panthers owner Jerry Richardson announced his decision to put the franchise up for sale amid allegations of awful workplace behavior on his part.
Hedge fund billionaire David Tepper and Charleston businessman Ben Navarro have also expressed interested in buying the team, the network reports. The group is led by tech billionaire Michael Rubin, who is the owner of athletic merchandise company.
Sean Combs tweeted in December that he would like to buy the Carolina Panthers after previous owner Jerry Richardson was forced to sell the team following sexual harassment allegations.
Curry, who's a Panthers fan by way of being a Charlotte native, previously stated his wish of being in an ownership group to acquire the club. He later spoke to reporters about it.
Neither Combs nor Curry have the money to consider being a majority owner. "Nothing really to say about it besides that I'm very interested and very willing to do what it takes to make that happen". Curry, on the other hand, made $47.3 million in 2017, per Forbes.
A source told ESPN "both offer the robust diversity Rubin is looking for in partners and would be most likely to join his effort, although nothing has been finalized".
In fact, official bids are expected to be submitted over the course of the next few weeks. Multiple sources have said the earliest that could happen would be the May meetings in Atlanta.