Friday, 21 September, 2018

Deal to purchase Carolina Panthers expected to be signed on Tuesday

Panthers prospective new owner once called President'The father of lies Panthers prospective new owner once called President'The father of lies
Kristopher Love | 15 May, 2018, 15:53

It was reported on May 11 that Tepper was the favorite in the bidding process over SC financier Ben Navarro.

The sale of the Carolina Panthers to hedge fund manager David Tepper is expected to be executed soon.

Bank of America Stadium in Charlotte, North Carolina; home facility and headquarters of the Carolina Panthers of the NFL.

According to WIS, Tepper is the founder and president of Appaloosa Management, which is a global hedge fund based in Miami Beach, Florida.

Tepper, who owns five percent of the Steelers, would have to sell that interest prior to the purchase.

Rapoport said Tepper would have to sell his minority stake in the Stellers and get approval by the National Football League owners.

Current Panthers owner Jerry Richardson put the team up for sale in December amid an National Football League investigation into allegations of sexual and racial workplace misconduct.

The Carolina Panthers were put up for sale last season, following sexual harassment and racial misconduct allegations against owner Jerry Richardson. Among them was Charlotte businessman Felix Sabates.