Tepper expected to sign deal to buy Panthers


The sale to Tepper should be voted on - and likely approved - at those meetings.

CHARLOTTE, N.C. (AP) - The Carolina Panthers are being sold for an NFL-record $2.2 billion.

Shortly after Richardson's announcement to sell the team, Diddy expressed his desire to buy the franchise which then prompted Golden State Warriors All-Star Stephen Curry to say he wanted in as well.

The sale of the team is expected to be signed today and voted on at the National Football League meetings in Atlanta next week.

Sports Illustrated reported accusations of sexual harassment, including inappropriate touching by more than one woman and a racial slur made to a team scout.

According to the latest reports, Tepper will be paying $2.2 billion in cash. He conceded Tuesday that he'd lost the bid. Will he keep the team in Charlotte?

The Panthers are tied to their downtown stadium through the 2018 season because of an agreement with the city.

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The Panthers will have a new owner sooner than later.

Moving the Panthers out of Charlotte would seem to a longshot.

As a minority owner of the Pittsburgh Steelers, the 60-year-old hedge fund manager saw how the Steelers ran day-to-day operations, maintaining an impressive consistency through the years.

Even with some thinking the value of sports teams is about to skyrocket with the addition of potential gambling revenues, the sale of the Panthers is proceeding as planned. Recently, when the owners of the Pittsburgh Steelers indicated they were willing to sell a stake in the team, he seized the opportunity with childlike enthusiasm. In 2017 Forbes listed David Tepper as one of the top 25 highest-earning hedge fund managers.

Tepper is known for his philanthropy.

He has also donated millions to other schools and gave $200,000 in gift cards to New Jersey families who suffered losses after Hurricane Sandy. Richardson promised fans at the time the Panthers would win a Super Bowl "within 10 years". The NFL has a rule that you can not be an owner of two different franchises.