Panthers reach sales agreement with Tepper

It's official: David Tepper named new owner of Carolina Panthers

The Carolina Panthers have been sold to billionaire hedge fund manager David Tepper for what's expected to be an NFL-record north of $2.2 billion.

"I am thrilled to have been selected to be the next owner of the Carolina Panthers", Temper, founder and president of global hedge fund Appaloosa Management, L.P. said in a statement. The team went for a reported $2.2 billion. Tepper had been considered the favorite to land the team and was the preferred choice of many other owners because he has enough money to buy the team without other investors and because, as a minority stakeholder in his hometown Pittsburgh Steelers, he has already been vetted by the NFL.

Granted, one would probably be hard-pressed to find someone wealthy enough to own an National Football League team who is also a model of 21st century wokeness, and Tepper has never been publicly accused of sexual harassment or misconduct. A former player himself, Richardson was the founding owner of the franchise, which began play in 1995.

Richardson placed the team up for sale following the publication of a bombshell article in Sports Illustrated that detailed allegations of sexual harassment, workplace misconduct, and racial slurs used by the team's owner. Shortly after putting the team on the market, Richardson ceded day-to-day control of the team to chief operating officer Tina Becker.It is unclear if Becker, who has not spoken to reporters since, will have a role with the team after Tepper takes over.

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Richardson founded the Panthers in 1993 - two years before its inaugural season - as the NFL's 29th franchise.

"We are deeply grateful for the outpouring of support over the last 25 years". 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".

Tepper is worth $11 billion, according to Forbes' billionaires list. "I wish David and his family the very best as they enter this exciting new phase of their lives".

The details about how much Tepper will be paying to buy the Panthers is unconfirmed.

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