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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01394829: JP Morgan and Goldman Sachs (DS10)

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This document outlines preliminary loan terms for a Carolina Panthers NFL franchise acquisition involving Deutsche Bank AG and JP Morgan as lenders with a commitment of up to $500 million. The borrower is identified as a newly formed holding company to be 100% owned by Ben Navarro and affiliates. The document references JP Morgan's valuation of assets at $1.1 billion and describes Navarro's background, including his position as a top Wall Street salesperson and his prior experience at Goldman Sachs on mortgage-backed securities desks.

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Excerpt 1
stake in the Carolina Panthers National Football League (NFL) Franchise, preliminary terms and conditions are as follows: Lender Deutsche Bank AG, NY & **JP**
Excerpt 2
**Morgan** DB Up to $500MM Commitment Borrower TBD - Newly formed Holding Company to be 100% owned by Ben Navarro and affiliates Guarantors / Ben Navarro
Excerpt 3
**JP** **Morgan** recently valued them at $1.1B. 9th largest MasterCard/Visa issuer, with over 9 million customers, portfolio totalling approximately $5.8B The

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