David Tepper expected to sign deal to buy Panthers

David Tepper's Brass Balls Are Coming To Carolina

David Tepper's Brass Balls Are Coming To Carolina

Billionaire hedge fund manager David Tepper is expected to sign a deal and complete the purchase for the Carolina Panthers, reports ESPN.com's Adam Schefter and Seth Wickersham.

Bank of America Stadium in Charlotte, North Carolina; home facility and headquarters of the Carolina Panthers of the NFL.

According to Rapoport, an agreement is expected to happen which would allow for a vote on the sale by NFL owners at the Spring League Meeting in Atlanta, May 21-23.

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


For the first 59 years of his life, David Tepper was rarely too far from his native Pittsburgh.

In mid-December, Jerry Richardson announced he was selling the team after Sports Illustrated reported allegations of misconduct in the workplace.

"In the end, the National Football League may be able to trumpet that the sale price of the Panthers was in the $2.4B-$2.5B range, one well-placed source theorized, by including a clause in the sale price that Tepper would have to pay an additional $200-$300M should he move the team within a certain time frame, or something along those lines", La Canfora wrote. Among them was Charlotte businessman Felix Sabates.

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