David Tepper named new owner of Carolina Panthers

  • David Tepper named new owner of Carolina Panthers

David Tepper named new owner of Carolina Panthers

A large number of owners have shown support for Trump, but Tepper has spoken out against the president in the past. The 60-year-old Tepper says he'll "build upon the Panthers' success on the field and in the community".

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

The Carolina Panthers have announced that the sale of the franchise to hedge fund manager David Tepper has been finalized.

The purchase is subject to a vote at the National Football League owners meeting next week in Atlanta, and the Panthers said Wednesday the sale is expected to close by July.

But Tepper, who already owns part of the Pittsburgh Steelers, and his bid apparently topped Navarro's bid for the team.

That should mean he will fit right in with NFL coaches, who use the cliché as a default response to avoid saying anything more illuminating.Tepper will also fit in with his new partners, the NFL owners who will approve his purchase of the Panthers from Jerry Richardson for $2.275 billion, NFL Network Insider Ian Rapoport reported.

Now Tepper is worth $11 billion, a big chunk of that from his bet on Bank of America stock. The people spoke to The Associated Press on Tuesday on condition of anonymity because the team didn't release the selling price of the franchise.

The NFL's investigation into the team is ongoing.

Richardson, 81, announced in December that he would sell the team after a Sports Illustrated report detailed allegations of sexual and racial misconduct against him in the workplace.

Richardson is the highest-profile owner in pro sports to sell a team under ignominious circumstances since 2014, when Donald Sterling was banned from the National Basketball Association for life for making racist comments that were privately recorded and released. You have taken the Panthers into your hearts and made them part of this warm and supportive community. "The personal relationships we have enjoyed have been very meaningful to us", Richardson said in a statement.

City council member Tariq Bokhari said from all he has heard, David Tepper wants to keep the team here as well. "I wish David and his family the very best as they enter this exciting new phase of their lives".

Tepper clearly has an outspoken, somewhat brash personality. He'll need to sell his ownership stake in the Steelers once he becomes the Panthers owner.