Hedge Fund Manager to Buy Panthers for Record Amount
He’s betting on their purrformance. David Tepper is expected to pay $2.2 billion in cash for the Carolina Panthers franchise in the most expensive buy in NFL history. The team, launched in 1995, was put up for sale after owner and founder Jerry Richardson was accused of sexual and racial misconduct. He is still under investigation. Since Tepper is a part-owner of the Pittsburgh Steelers, he’s already been vetted by the league, so the deal isn’t expected to meet significant resistance at an owners’ meeting vote next week.