David Tepper to buy Carolina Panthers for record $2.2 billion

David Tepper to buy Carolina Panthers for record $2.2 billion

David Tepper to buy Carolina Panthers for record $2.2 billion

Billionaire Hedge Fund Manager David Tepper Reportedly Close to Finalizing Deal for Carolina Panthers at Record Price (CNBC) Billionaire hedge fund manager David Tepper is close to finalizing a deal for the NFL's Carolina Panthers, according to the NFL Network and ESPN.

Forbes listed Tepper's net worth at $11.4 billion in February 2017. It also dwarfs the previous highest sales price for an National Football League team - $1.4 billion for the Buffalo Bills in a 2014 transaction.

The owners could vote on Tepper's application as early as next week, when they meet in Atlanta.

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

The Carolina Panthers have reportedly been sold.

Imagine yourself having $2.2 Billion. The SI report said the Panthers had reached settlements with at least four former employees regarding inappropriate workplace behavior by Richardson.

Sports Illustrated reported accusations of sexual harassment, including inappropriate touching by more than one woman and a racial slur made to a team scout. What will he do with the 13-foot tall Jerry Richardson statue?

The bidding process for the Panthers dragged on longer than many expected, with other bidders including Ben Navarro, the chief executive of Sherman Financial Group, and Alan Kestenbaum, the chief executive of a mining and metals companies.

He even got support from New England Patriots owner Robert Kraft who said, "I'm a big fan of his".

He went to the University of Pittsburgh, but he didn't grow up with the billions he has now.

On the evening of December 17, Richardson announced in a public letter that he would sell the team after the season.

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