David Tepper expected to buy Carolina Panthers for $2.2 billion

Local sports power-broker weighs in on Panthers sale - | WBTV Charlotte

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 deal would have to be approved at the owner's meetings in Atlanta on May 22.

According to reports, the sale would be worth $2.2 billion and Tepper is reportedly keen to keep the team in Charlotte. While other candidates would have needed to go through a more rigorous vetting process of their financials and their backgrounds, Tepper is a known quantity as a current minority owner of the Pittsburgh Steelers.

In fact, the finalization of the sale of the Carolina Panthers should not be an issue.

With Richardson's tenure in the rearview, the Panthers and their fans can move on from an ugly chapter. Tepper is founder and president of Appaloosa Management.

ESPN also confirms Tepper, who is worth $11 billion according to Forbes magazine, is committed to keeping the team in Carolina.

David Tepper is no stranger to owning an National Football League franchise, however. His interest in the Steelers would have to be sold before purchasing the Panthers.

On Dec. 17, Sports Illustrated published a report alleging that Richardson sexually harassed multiple women and used a racial slur toward a team scout. The N.F.L. continues to investigate those allegations.

Tepper's plans on whether the team will remain in Charlotte for the long-term future remain unclear.

Tepper is known for his philanthropy.

He later attended Carnegie Mellon University's Business School.

Richardson has been the only majority of the Panthers. The Panthers played their first season in 1995 and have reached two Super Bowls, though they lost both of them.

Related:

  • Kevin Feige Says There Are Plans at Marvel Studios for Ms. Marvel

    Kevin Feige Says There Are Plans at Marvel Studios for Ms. Marvel

    Not only is she capable of stretching her limbs to great lengths and widths, but she can also grow or shrink to incredible sizes. What makes Captain Marvel's potential to shake up the MCU interesting would be the fact the film is set in the 1990's.

    Cineworld Group plc (LON:CINE) Rating Changes as of April 23, 2018

    Peel Hunt's target price per share would suggest a possible upside of 9.95 % from the last stock close price of the company. In a research report sent to investors on 24 April, Shore Capital maintained their Hold rating on S U PLC (LON:SUS) shares.
    The Supreme Court paves the way for states to legalize gambling

    The Supreme Court paves the way for states to legalize gambling

    Federal courts struck down that measure as violating the 1992 Professional and Amateur Sport Protection Act, or PASPA. Conversely, he said, there may be benefits to having more of the sports wagering done through legitimate outlets.
  • Pochettino Admits His Tottenham Job Not Guaranteed For Next Season

    Pochettino Admits His Tottenham Job Not Guaranteed For Next Season

    Pochettino was asked whether he would definitely be at the club next season. I think it's a moment for the club to take risks and try to be competitive.
    Happy 1 month, True: Khloe Kardashian debuts her baby

    Happy 1 month, True: Khloe Kardashian debuts her baby

    She's since deleted the post, but the omission of new mom Khloe and mother of three Kourtney was really telling. Shannon is Kardashian's grandmother, and Kris Jenner's mother.
    Erdogan called Israel a terrorist state

    Erdogan called Israel a terrorist state

    The Palestinian protests will be continued on Tuesday, too as the culmination of the "Nakba" commemoration is near. "Israel is carrying out state terror at the moment".
  • Police Week 2018 begins with vigil for fallen officers

    Police Week 2018 begins with vigil for fallen officers

    The memorial service began in 1982 as a gathering in Senate Park of approximately 120 survivors and supporters of law enforcement. Providing a means for individuals, businesses, and communities to express their appreciation for law enforcement officers.
    Severe storm warning for DeKalb County until 5:15 pm

    Severe storm warning for DeKalb County until 5:15 pm

    Some of the storms could produce large hail and damaging winds of 60 miles per hour or more, the weather service said . Monday , radar images showed the storms in the Chambersburg and moving east.
    South Korea hails Kim Jong Un's move to dismantle nuclear test site

    South Korea hails Kim Jong Un's move to dismantle nuclear test site

    He returned again to North Korea last week for a second meeting , after which Kim agreed to the release of the three Americans. Trump labeled Kim "Little Rocket Man", and the North Korean leader called the president a "mentally deranged USA dotard".
  • Liverpool's final two games: Slim margins between success and regret

    Liverpool's final two games: Slim margins between success and regret

    Salah was substituted in the 84th minute and was given a standing ovation from Liverpool fans, and even some Brighton supporters. Dejan Lovren added a second before Dominic Solanke and Andy Robertson registered their first goals for the club in the 4-0 win.
    After acquiring Flipkart, Here's what Walmart needs to face in India

    After acquiring Flipkart, Here's what Walmart needs to face in India

    In August 2016, Walmart acquired US-based Jet.com for about United States dollars 3.3 billion, Moodys said. There has been much speculation over Flipkart's listing on the stock exchanges for years now.
    Gas prices are up again

    Gas prices are up again

    AAA recommends drivers get their battery tested, check for engine coolant leaks and examine the condition of their tires. It's increased almost 15.4 cents per gallon in the last month and stands 53.8 cents per gallon higher than a year ago.

Comments

Other news